Post Utme Coal City University 2021 Accounting Question 3

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

Post Utme Coal City University 2021 Accounting Objective / Multiple Choice
Question 3 POST_UTME_COAL_CITY_UNIVERSITY • 2021 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital accounts of A and B are ₦100,000 and ₦150,000, respectively. The profit-sharing ratio is 2:3. What is the ratio of the interest on the capital accounts?

Answer Options

Correct Answer A. 1:2
B. 2:3
C. 3:4
D. 4:5
Correct Answer
A
Correct Option:
1:2

About This Question

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

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