Post Utme Covenant University 2021 Accounting Question 28

Practice objective / multiple choice question 28 from the 2021 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2021 Accounting Objective / Multiple Choice
Question 28 POST_UTME_COVENANT_UNIVERSITY • 2021 • ACCOUNTING • objective

A partnership has two partners: John and Mary. John's capital is ₦500,000, and Mary's capital is ₦300,000. If the partnership's total capital is ₦1,000,000, what is the ratio of John's capital to Mary's capital?

Answer Options

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

About This Question

This is Post Utme Covenant University 2021 Accounting Question 28. It is one of the objective questions from the 2021 Post Utme Covenant University Accounting examination.

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