ACCOUNTING

JAMB 2009 - Question 38

Account 2009 JAMB Past Questions - Question 38: Sule and Ahmad are in partnership sharing profits and losses equally. If Khadija is admitted as a new partner to take 1/5th as her share, what is the new profit or loss sharing ratio?

Choose the most appropriate option for the gap .
Sule and Ahmad are in partnership sharing profits and losses equally. If Khadija is admitted as a new partner to take 1/5th as her share, what is the new profit or loss sharing ratio?
A:
B:
C:
D:
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Correct Answer

C

Explanation