ACCOUNTING

JAMB 2012 - Question 38

Account 2012 JAMB Past Questions - Question 38: 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 What is Jakata's profit sharing ratio?

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
What is Jakata's profit sharing ratio?
A:
B:
C:
D:
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Correct Answer

D

Explanation