Post Utme Crawford University 2024 Accounting Question 16

Practice objective / multiple choice question 16 from the 2024 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2024 Accounting Objective / Multiple Choice
Question 16 POST_UTME_CRAWFORD_UNIVERSITY • 2024 • ACCOUNTING • objective

A partnership account is maintained by a firm with two partners, A and B. The firm's capital is divided equally between the partners. If the firm's profit for the year is ₦120,000 and the capital is ₦200,000, what is the ratio of A's share to B's share of the profit?

Answer Options

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

About This Question

This is Post Utme Crawford University 2024 Accounting Question 16. It is one of the objective questions from the 2024 Post Utme Crawford University Accounting examination.

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