Post Utme Christopher University 2023 Accounting Question 8

Practice objective / multiple choice question 8 from the 2023 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2023 Accounting Objective / Multiple Choice
Question 8 POST_UTME_CHRISTOPHER_UNIVERSITY • 2023 • ACCOUNTING • objective

A, B, and C are partners in a firm sharing profits and losses in the ratio 3:2:1. Their capitals are ₦300,000, ₦200,000, and ₦150,000 respectively. Calculate the total capital of the firm.

Answer Options

A. ₦650,000
B. ₦750,000
Correct Answer C. ₦850,000
D. ₦950,000
Correct Answer
C
Correct Option:
₦850,000

About This Question

This is Post Utme Christopher University 2023 Accounting Question 8. It is one of the objective questions from the 2023 Post Utme Christopher University Accounting examination.

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