Post Utme Afe Babalola University 2019 Accounting Question 22

Practice objective / multiple choice question 22 from the 2019 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2019 Accounting Objective / Multiple Choice
Question 22 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2019 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital accounts of A and B are £ 10,000 and £ 15,000 respectively. The profit-sharing ratio is 2:3. Calculate the profit-sharing ratio in terms of the capital accounts.

Answer Options

Correct Answer A. 2:3
B. 1:2
C. 3:2
D. 4:3
Correct Answer
A
Correct Option:
2:3

About This Question

This is Post Utme Afe Babalola University 2019 Accounting Question 22. It is one of the objective questions from the 2019 Post Utme Afe Babalola University Accounting examination.

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