ACCOUNTING

JAMB 2012 - Question 37

Account 2012 JAMB Past Questions - Question 37: The partners capital are: Modibbo N60,000 and Jakata N90,000. The partners share profit and losses in the ratio of their capital contributions. The net profit for the year is N12,000 Find Modibbo's share of the profit.

Choose the most appropriate option for the gap .
The partners capital are: Modibbo N60,000 and Jakata N90,000. The partners share profit and losses in the ratio of their capital contributions. The net profit for the year is N12,000
Find Modibbo's share of the profit.
A:
B:
C:
D:
Examkits App

Examkit's JAMB CBT App

Practice JAMB offline with our Online, PC and Mobile App

  • ✅ 25+ years of past questions (2000 to 2025)
  • ✅ Video solutions and explanation to questions
  • ✅ E-library
  • ✅ Study by topic
  • ✅ And more.

Correct Answer

B

Explanation