Post Utme Esut 2022 Accounting Question 9
Practice objective / multiple choice question 9 from the 2022 Post Utme Esut Accounting examination.
A partnership is dissolved when one partner withdraws from the business. The remaining partners will share the profits and losses in the ratio of their capital contributions. If the capital contributions are in the ratio 3:5:7, and the total capital is ₦150,000, what is the amount of profit to be shared by the partner with a capital contribution of ₦30,000?
Answer Options
About This Question
This is Post Utme Esut 2022 Accounting Question 9. It is one of the objective questions from the 2022 Post Utme Esut Accounting examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.