Post Utme Babcock University 2018 Accounting Question 40

Practice objective / multiple choice question 40 from the 2018 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2018 Accounting Objective / Multiple Choice
Question 40 POST_UTME_BABCOCK_UNIVERSITY • 2018 • ACCOUNTING • objective

A partnership has two partners: A and B. Partner A has a capital of ₦100,000 and a profit-sharing ratio of 3:2. Partner B has a capital of ₦50,000 and a profit-sharing ratio of 2:3. What is the total profit-sharing ratio?

Answer Options

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

About This Question

This is Post Utme Babcock University 2018 Accounting Question 40. It is one of the objective questions from the 2018 Post Utme Babcock University Accounting examination.

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