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Yes, Examkits provides detailed video explanations for all JAMB past questions from 2000 to 2024, helping students understand how to solve each problem.

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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: 50% : 25%

B: 50% : 20%

C: 25% : 50%

D: 25% : 25%

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ACCOUNTING

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