Umar and Ahemed share profit and losses equally and have capital balances of N40,000 and...
FINANCIAL
JAMB 1998
Umar and Ahemed share profit and losses equally and have capital balances of N40,000 and N60,000 respectively. If bdullahi purchases one-third interest with no bonus, how much will he have to contribute to the partnership?
- A. N33,333
- B. N40,000
- C. N44,444
- D. N50,000
Correct Answer: A. N33,333
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