Sule and Ahmad are in partnership sharing profits and losses equally. If Khadija...
AccountsJAMB UTME 2009
Question
Sule and Ahmad are in partnership sharing profits and losses equally. If Khadija is admitted as new partner tot take 1/5 as her share, what is the new partner to take 1/5th as share, what is the new profit or loss sharing ratio?Options
A)
Sule 1/3, Ahmad 1/3 and Khadija 1/3
B)
Sule 1/5, Ahmad 15 and Khadija 3/5
C)
Sule 2/5, Ahmad 2/5 and Khadija 1/5
D)
Sule 2/5, Ahmad 1/5 and Khadija 2/5
The correct answer is C.
More Past Questions:
Discussion
Other Subjects
- English Language
- Biology
- Mathematics
- Government
- Physics
- Economics
- Chemistry
- Christian Religious Knowledge
- Commerce
- Geography
- Literature In English
- Agricultural Science
- General Paper
- Islamic Religious Knowledge
- Further Mathematics
- History
- Computer Studies
- Civic Education
- Catering Craft Practice
- Data Processing
- Current Affairs
- Marketing
- Animal Husbandry
- Insurance
- Office Practice
- Yoruba
- Hausa
- Igbo
- French
- Fine Arts
- Home Economics