ACCOUNTING

JAMB 2001 - Question 34

Account 2001 JAMB Past Questions - Question 34: Marhumu and Yusuf are in partnership sharing profits and losses in the ratio of 2:1. On 31/3/2000, the partnership decided to admit Idris who is to take 1/4 of future profits without changing the ratio of Marhumu and Yusuf. What is the new profit-sharing ratio of Marhumu and Yusuf?

Choose the most appropriate option for the gap .
Marhumu and Yusuf are in partnership sharing profits and losses in the ratio of 2:1. On 31/3/2000, the partnership decided to admit Idris who is to take 1/4 of future profits without changing the ratio of Marhumu and Yusuf. What is the new profit-sharing ratio of Marhumu and Yusuf?
A:
B:
C:
D:
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Correct Answer

A

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