Post Utme Elizade University 2021 Accounting Question 24

Practice objective / multiple choice question 24 from the 2021 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2021 Accounting Objective / Multiple Choice
Question 24 POST_UTME_ELIZADE_UNIVERSITY • 2021 • ACCOUNTING • objective

A partnership has three partners, A, B, and C. The partnership's capital account shows a balance of ₦1,000,000. Partner A's capital account shows a balance of ₦300,000. Partner B's capital account shows a balance of ₦400,000. Partner C's capital account shows a balance of ₦300,000. What is the ratio of Partner A's capital to Partner B's capital to Partner C's capital?

Answer Options

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

About This Question

This is Post Utme Elizade University 2021 Accounting Question 24. It is one of the objective questions from the 2021 Post Utme Elizade University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support