Post Utme Elizade University 2019 Accounting Question 18

Practice objective / multiple choice question 18 from the 2019 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2019 Accounting Objective / Multiple Choice
Question 18 POST_UTME_ELIZADE_UNIVERSITY • 2019 • ACCOUNTING • objective

A company has two partners, A and B, who share profits and losses in the ratio 3:2. The capital accounts of A and B are ₦60,000 and ₦40,000 respectively. What is the ratio of their share of profits?

Answer Options

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

About This Question

This is Post Utme Elizade University 2019 Accounting Question 18. It is one of the objective questions from the 2019 Post Utme Elizade University Accounting examination.

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