Use the information below to answer this question The partnership agreement between Abba, Baba and Kaka contains the following provision: (i) 5% interest to be paid on capital and no interest to be charged on drawings (ii) Profits and losses to be shared in the ratio 3:2:1 respectively (iii) net profit as at 31/12/95 N 2,250. .................Abba......Baba.......Kake Capital..........5000......4000......3000 Current account...250......100.......175 Salary............300......300.......--- Drawings..........600......500........250 Abba's capital balance at the end of the year will be
