Post Utme Covenant University 2025 Accounting Question 37

Practice objective / multiple choice question 37 from the 2025 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2025 Accounting Objective / Multiple Choice
Question 37 POST_UTME_COVENANT_UNIVERSITY • 2025 • ACCOUNTING • objective

A partnership is formed between two partners, A and B, who contribute ₦500,000 and ₦300,000 respectively. The partnership agreement states that the profits and losses will be shared in the ratio 3:2. What is the ratio of A's and B's capital contributions?

Answer Options

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

About This Question

This is Post Utme Covenant University 2025 Accounting Question 37. It is one of the objective questions from the 2025 Post Utme Covenant University Accounting examination.

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