Umar and Ahmed share profit and losses equally and have capital balances of N40,000 and N60,000 respectively. If Abdullahi purchases one-third interest with no bonus, how much will he have to contribute to the partnership?

Similar Questions

Which of the following is not part of factory overhead? ...

The account where the profit are distributed to the partner in their profit sharing ratio in partner...

..........................30/9/06.......30/9/07..... ............................N.............N......

Halal Limited with three departments has a total of N7,200,000 as net debtors for the year ended 31/...

After receiving the financial statement the Auditor General of the Federation must submit a report t...

\(\begin{array}{c|c} & ₦ \\ \hline \text{Opening stock of raw materials} & 24,750\\ \text{...

A machine bought for N35,000 was estimated to have a life span of 5 years with a scrap value of N9,0...

A partner who only make capital contribution but does not take part in the management of the pa...

Use the following to answer the given question \(\begin{array}{c|c} & N \\ \hline \text{Pro...

  ₦ Manufacturing wages 42,000 ...