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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d

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Donkhing
6 years ago

60, 000/90, 000= 2/3. Hence the profit sharing ratio is 2:3 and not 1:5

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