Examkits is a JAMB CBT practice platform that provides over 20 years of past questions, Post UTME questions, and detailed video solutions to help students prepare for their exams.

How do I practice JAMB past questions on Examkits?

You can practice JAMB past questions online, on Android, or on a desktop using the Examkits app. Just register on our website and choose your preferred device.

Does Examkits work offline?

Yes. Our Android and Windows versions support offline usage. Once downloaded and activated, no internet is required to use most of the features.

Do you offer video solutions for JAMB questions?

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

Examkits offers free practice for some subjects. However, full access requires a one-time affordable activation fee for each version of the app.

ACCOUNT

JAMB 2018 - Question 1

Account 2018 JAMB Past Questions - Question 1: Kayode, Akpan and Kachalla are in partnership. Their respective capital accounts had the following balances: #40 000, #50 000 and #70 000. The partners agree to admit Wamo as a new partner with one-fifth interest in the partership capital in exchange for #50 000 cash. Wamo's equity in the resulting partnership is

Choose the most appropriate option for the gap .

Kayode, Akpan and Kachalla are in partnership. Their respective capital accounts had the following balances: #40 000, #50 000 and #70 000. The partners agree to admit Wamo as a new partner with one-fifth interest in the partership capital in exchange for #50 000 cash. Wamo's equity in the resulting partnership is

A: #32 000

B: #50 000

C: #40 000

D: #42 000

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ACCOUNT

Examkit's JAMB CBT App

Correct Answer

Explanation