Post Utme Afe Babalola University 2017 Accounting Question 23

Practice objective / multiple choice question 23 from the 2017 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2017 Accounting Objective / Multiple Choice
Question 23 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2017 • ACCOUNTING • objective

In a partnership account, the capital of two partners, A and B, is ₦120,000 and ₦90,000 respectively. If the profit-sharing ratio is 5:3, what is the ratio of the capital of A to the capital of B?

Answer Options

Correct Answer A. 2:1
B. 3:2
C. 5:3
D. 1:2
Correct Answer
A
Correct Option:
2:1

About This Question

This is Post Utme Afe Babalola University 2017 Accounting Question 23. It is one of the objective questions from the 2017 Post Utme Afe Babalola University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support