Post Utme Crawford University 2018 Accounting Question 11

Practice objective / multiple choice question 11 from the 2018 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2018 Accounting Objective / Multiple Choice
Question 11 POST_UTME_CRAWFORD_UNIVERSITY • 2018 • ACCOUNTING • objective

In a partnership with a 3:5:7 profit-sharing ratio, the total profit for the year is ₦1,500,000. If the partners' capital contributions are in the ratio 2:3:5, what is the amount of capital contributed by each partner?

Answer Options

A. ₦150,000
Correct Answer B. ₦225,000
C. ₦375,000
D. ₦525,000
Correct Answer
B
Correct Option:
₦225,000

About This Question

This is Post Utme Crawford University 2018 Accounting Question 11. It is one of the objective questions from the 2018 Post Utme Crawford University Accounting examination.

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