Question on: JAMB Accounting - 2012
The partners capital are: Modibbo #60,000
and Jakata #90,000. The partners share
profit and losses in the ratio of their capital
contributions.
The net profit for the year is #12,000.
What is Jakata's sharing profit?
A
3:5
B
1:2
C
2:5
D
1:5
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Correct Option: D
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