Accounting JAMB

Ade retires and the remaining partners decide to take Ade’s share in the existing ratio. What is the new ratio?

Ade, Tony, Rose share profit and losses in the ratio of 3 : 2 : 1 respectively. Ade retires and the remaining partners decide to take Ade’s share in the existing ratio. What is the new ratio?

A. 1 : 1
B. 3 : 6
C. 2 : 1
D. 2 : 6

Correct Answer:

Option C = 2 : 1

Explanation

The existing ratio between Tony and Rose = 2/6 and 1/6

Ade’s ratio = 3/6

Ade’s share to be taken by Tony and Rose in the ratio 2 : 1

Tony gets: 3/6 x 2/6

= 6/18

Rose gets: 3/6 x 1/3

= 3/18

New ratio between Tony and Rose = 6 : 3

= 2 : 1

Sunday

Share
Published by
Sunday
Tags: Accounting

Recent Posts

LIN 201 Theory Question: Roles and Shortcomings of ICT in Nigeria’s Recreation and Tourism Sector

200 Level Department of Geography And Planting Science exam questions and detailed answers. Download the answers…

7 mins ago

LIN 309 Theory Question: Approaches to Environmental Impact Assessment (EIA) for Recreation and Tourism Development in Nigeria

300 Level Department of Linguistics And Nigerian Languages exam questions and detailed answers. Download the answers…

21 mins ago

LIN 309 Theory Questions: Short Notes on Phonetic Processes

300 Level Department of Linguistics And Nigerian Languages exam questions and detailed answers. Download the answers…

2 hours ago

LIN 309 Theory Question: Distinction Between Articulation Types: Normal vs. Displaced and Weak vs. Strong

300 Level Department of Linguistics And Nigerian Languages exam questions and detailed answers. Download the answers…

2 hours ago

LINK 309 Theory Question: Approximants in Phonetics: A Detailed Description

300 Level Department of Linguistics And Nigerian Languages exam questions and detailed answers. Download the answers…

3 hours ago

LIN 309 Theory Question: Stop Sounds in Linguistics: A Comprehensive Analysis

300 Level Department of Linguistics And Nigerian Languages exam questions and detailed answers. Download the answers…

3 hours ago