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  4. JAMB 2023
  5. Changes in the profi...

Changes in the profit sharing ratio may occur as a result of I. skill contributed...

Accounts - Principles of Accounts
JAMB 2023

Changes in the profit sharing ratio may occur as a result of

I. skill contributed by partners
II. health status
III. old age
IV. Intangible asset increase

  • A. I, III and IV
  • B. I and III
  • C. I, II and III
  • D. I, II and IV
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Correct Answer: Option C
Explanation

Change in profit sharing ratio may occur as a result of the following:
- changes in skill contributed by partners
- ill health
- old age

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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post UTME Past Questions Agent