Post Utme Futa 2017 Accounting Question 32

Practice objective / multiple choice question 32 from the 2017 Post Utme Futa Accounting examination.

Post Utme Futa 2017 Accounting Objective / Multiple Choice
Question 32 POST_UTME_FUTA • 2017 • ACCOUNTING • objective

A partnership is formed between two individuals, A and B, who contribute ₦50,000 and ₦30,000 respectively. The profit-sharing ratio is 3:2. Calculate the profit-sharing ratio in decimal form.

Answer Options

Correct Answer A. 0.6
B. 0.7
C. 0.8
D. 0.9
Correct Answer
A
Correct Option:
0.6

About This Question

This is Post Utme Futa 2017 Accounting Question 32. It is one of the objective questions from the 2017 Post Utme Futa Accounting examination.

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