Question on: JAMB Accounting - 2022
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
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Correct Option: B
Sule and Ahmed each have 1/2 share, and Khadija takes 1/5. So, the new profit or loss sharing is Sule (1/2 - 1/5), Ahmed (1/2 - 1/5), Khadija (1/5), which simplifies to Sule 3/10, Ahmed 3/10, and Khadija 1/5.
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