Post Utme Coal City University 2022 Accounting Question 15

Practice objective / multiple choice question 15 from the 2022 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2022 Accounting Objective / Multiple Choice
Question 15 POST_UTME_COAL_CITY_UNIVERSITY • 2022 • ACCOUNTING • objective

A company's partnership account for the year ended 31st December 2022 shows a profit of ₦1,000,000. The partners' capital accounts are as follows: A ₦500,000, B ₦300,000, C ₦200,000. What is the ratio of the partners' capital?

Answer Options

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

About This Question

This is Post Utme Coal City University 2022 Accounting Question 15. It is one of the objective questions from the 2022 Post Utme Coal City University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support