Sule and Ahmed are in partnership sharing profit and loss...
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?
Sule 1/3, Ahmed1/3, Khadija 1/3
Sule 1/3, Ahmed1/3, Khadija 1/3
Sule 1/5, Ahmed1/5, Khadija3/5
Sule 2/5, Ahmed1/5, Khadija2/5
Correct answer is B
If Khadija is to take 1/5th i.e. 20%
Sule and Ahmed are to share 80% (100% - 20%) equally
Sule = 2/5
Ahmed = 2/5
Khadija = 1/5
Which of the following is not a debit item in a partnership appropriation account? ...
The balancing figure in the purchases ledger control account is? ...
\(\begin{array}{c|c} & ₦ \\ \hline \text{Opening stock of raw materials} & 24,750\\ \text{...
Goodwill is determined using? ...
Use the following information to answer the given question: \(\begin{array}{c|c} \text{Date of de...
Which of the following serves the same purpose as a Trading Account? ...