Marhumu and Yusuf are in partnership sharing profits and losses in the ratio of 2:1. On 31/3/2000, the partnership decided to admit Idris who is to take 1/4 of future profits without changing the ratio of Marhumu and Yusuf.
What is the new profit-sharing ratio of Marhumu and Yusuf?

Similar Questions

Ant and Bee withdrew GH⊄ 14,000 and GH⊄ 10,000 respectively at 8% per annum from the partn...

Dairo and Segun are in partnership sharing profits and losses in the ratio 2:3 respec...

Kola and Sunday are in partnership sharing profits and losses equally. If Kemi is admitted as a new ...

Where a proprietor withdraws stock for personal consumption, the accounting entries to record the tr...

Aduke Motors bought three Toyota Hilux vans on cash at the cost of #6,000,000, on debiting the vehic...

Given: Capital...............................N2,375,000 Debtors...............................N495...

The source of funds available to a local government/district assembly includes ...

\(\begin{array}{c|c} & \text{N} \\ \hline \text{Debtors opening} & 4000 \\ \hline \text{Debt...

Use the information to answer the given question \(\begin{array}{c|c} Dr & & & &...

Which of the following is not on debtor's legal control account? ...