Account 2007 JAMB Past Questions - Question 17: Osei and Yabo were in partnership sharing profits and losses in the ratio of 3:2. On admitting Takwa, the profit and loss sharing ratio was changed to 1:1:1. Suppose Takwa paid N 30 000 for goodwill, this amount would be.

Osei and Yabo were in partnership sharing profits and losses in the ratio of 3:2. On admitting Takwa, the profit and loss sharing ratio was changed to 1:1:1. Suppose Takwa paid N 30 000 for goodwill, this amount would be.