Sule and Ahmed are in partnership sharing profit and losses equally. If Khadija is admitted...
FINANCIAL
JAMB 2018
Sule and Ahmed are in partnership sharing profit and losses equally. If Khadija is admitted as a new partner to take 1/5 th as her share. What is the new profit or loss sharing?
- A. Sule1/3, Ahmed1/3, Khadija 1/3
- B. Sule1/3, Ahmed1/3, Khadija 1/3
- C. Sule1/5, Ahmed1/5, Khadija3/5
- D. Sule2/5, Ahmed1/5, Khadija2/5
Correct Answer: B. Sule1/3, Ahmed1/3, Khadija 1/3
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