Post Utme Caleb University 2023 Accounting Question 34
Practice objective / multiple choice question 34 from the 2023 Post Utme Caleb University Accounting examination.
A company has two partners, A and B, who share profits in the ratio 3:2. The capital of the company is divided in the ratio 5:3. If the profit for the year is ₦120,000 and the capital is ₦300,000, calculate the amount of capital that should be distributed to partner A.
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About This Question
This is Post Utme Caleb University 2023 Accounting Question 34. It is one of the objective questions from the 2023 Post Utme Caleb University Accounting examination.
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