Post Utme Al Hikmah University 2021 Accounting Question 3

Practice objective / multiple choice question 3 from the 2021 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2021 Accounting Objective / Multiple Choice
Question 3 POST_UTME_AL-HIKMAH_UNIVERSITY • 2021 • ACCOUNTING • objective

A company has two partners, A and B. The capital accounts of A and B are ₦100,000 and ₦80,000 respectively. The profit for the year is ₦60,000. What is the ratio of A's and B's shares of the profit?

Answer Options

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

About This Question

This is Post Utme Al Hikmah University 2021 Accounting Question 3. It is one of the objective questions from the 2021 Post Utme Al Hikmah University Accounting examination.

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