Post Utme Achievers University 2020 Accounting Question 31

Practice objective / multiple choice question 31 from the 2020 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2020 Accounting Objective / Multiple Choice
Question 31 POST_UTME_ACHIEVERS_UNIVERSITY • 2020 • ACCOUNTING • objective

A partnership has two partners, A and B, with capital contributions of ₦100,000 and ₦80,000 respectively. Their profit-sharing ratio is 3:2. Calculate the profit-sharing ratio in terms of percentage.

Answer Options

Correct Answer A. 45% : 55%
B. 40% : 60%
C. 50% : 50%
D. 55% : 45%
Correct Answer
A
Correct Option:
45% : 55%

About This Question

This is Post Utme Achievers University 2020 Accounting Question 31. It is one of the objective questions from the 2020 Post Utme Achievers University Accounting examination.

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