Umar and Ahemed share profit and losses equally and have capital balances of N40,000 and…

Accounts - Principles of Accounts JAMB 1998

Umar and Ahemed share profit and losses equally and have capital balances of N40,000 and N60,000 respectively. If bdullahi purchases one-third interest with no bonus, how much will he have to contribute to the partnership?

  • N33,333 checkmark
  • N40,000
  • N44,444
  • N50,000

The correct answer is: A

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