Post Utme Caleb University 2021 Accounting Question 26

Practice objective / multiple choice question 26 from the 2021 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2021 Accounting Objective / Multiple Choice
Question 26 POST_UTME_CALEB_UNIVERSITY • 2021 • ACCOUNTING • objective

Determine the total amount of capital contributed by each partner in a partnership with three partners, A, B, and C, where the capital contributions are in the ratio 3:5:7, and the total capital is ₦1,500,000.

Answer Options

A. ₦300,000
Correct Answer B. ₦500,000
C. ₦700,000
D. ₦1,000,000
Correct Answer
B
Correct Option:
₦500,000

About This Question

This is Post Utme Caleb University 2021 Accounting Question 26. It is one of the objective questions from the 2021 Post Utme Caleb University Accounting examination.

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