Question 0

Kola and Sunday are in partnership sharing profits and losses equally. If Kemi is admitted as a new partner to take 1/5 as her share, what is the new profit or loss sharing ratio?

  • A.Kola 1/3, Sunday 1/3 and Kemi 1/3
  • B.Kola 1/5, Sunday 1/5 and Kemi 3/5
  • C.Kola 2/5, Sunday 1/5 and Kemi 2/5
  • D.Kola 2/5, Sunday 2/5 and Kemi 1/5
  • E.
Objective

Question details

Exam body
JAMB
Subject
Accounts - Principles of Accounts
Year
2020
Question no.
#0
Type
Objective

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