Post Utme Afe Babalola University 2020 Accounting Question 7

Practice objective / multiple choice question 7 from the 2020 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2020 Accounting Objective / Multiple Choice
Question 7 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2020 • ACCOUNTING • objective

A partnership is formed between two partners, A and B, with a capital of ₦200,000 and ₦300,000 respectively. The profit-sharing ratio is 3:2. Calculate the profit-sharing ratio in terms of percentage.

Answer Options

A. 40%
B. 50%
Correct Answer C. 60%
D. 70%
Correct Answer
C
Correct Option:
60%

About This Question

This is Post Utme Afe Babalola University 2020 Accounting Question 7. It is one of the objective questions from the 2020 Post Utme Afe Babalola University Accounting examination.

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