Question on: JAMB Accounting - 2009
Sule and Ahmad are in partnership sharing profits and losses equally. If Khadija is admitted as new partner tot take 1/5 as her share, what is the new partner to take 1/5th as share, what is the new profit or loss sharing ratio?
A
Sule 1/3, Ahmad 1/3 and Khadija 1/3
B
Sule 1/5, Ahmad 15 and Khadija 3/5
C
Sule 2/5, Ahmad 2/5 and Khadija 1/5
D
Sule 2/5, Ahmad 1/5 and Khadija 2/5
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Correct Option: C
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