JAMB Accounting 2012 Objective — Question 38

Question 38 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2012 Objective paper, with the correct answer and a full explanation.

(Using the same information as Q37) What is Jakata's profit sharing ratio?

A. 3:5Correct
B. 1:2
C. 2:5
D. 2:5

Explanation

Modibbo:Jakata = 60,000:90,000 = 2:3. Simplifying differently as requested, Jakata's ratio relative to the total is expressed as 3:5 (i.e. Jakata's share is 3 parts out of the total 5 parts).

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