GCEFinancial AccountingPartnership Accounts2023

Kola, Musa, and Ngozi share profits in the ratio 4:3:3. Ngozi retires and her share is taken over by Kola and Musa equally. What is the new profit-sharing ratio of Kola and Musa after Ngozi's retirement?

A4:3
B9:8
C11:9CORRECT
D3:2
AI
Toaster Teacher
Why the answer is C, and why the others tempt you.
Ngozi's share = 3/10. Each of Kola and Musa gains half of Ngozi's share = 3/20. Kola's new share = 4/10 + 3/20 = 8/20 + 3/20 = 11/20. Musa's new share = 3/10 + 3/20 = 6/20 + 3/20 = 9/20. New ratio = 11:9.
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