Post Utme Abu 2023 Accounting Question 28

Practice objective / multiple choice question 28 from the 2023 Post Utme Abu Accounting examination.

Post Utme Abu 2023 Accounting Objective / Multiple Choice
Question 28 POST_UTME_ABU • 2023 • ACCOUNTING • objective

A company has two partners, A and B, who share profits in the ratio 3:2. The capital of A is ₦60,000 and that of B is ₦40,000. Calculate the profit sharing ratio.

Answer Options

Correct Answer A. 3:2
B. 2:3
C. 4:3
D. 5:4
Correct Answer
A
Correct Option:
3:2

About This Question

This is Post Utme Abu 2023 Accounting Question 28. It is one of the objective questions from the 2023 Post Utme Abu Accounting examination.

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