Post Utme Futa 2023 Accounting Question 1

Practice objective / multiple choice question 1 from the 2023 Post Utme Futa Accounting examination.

Post Utme Futa 2023 Accounting Objective / Multiple Choice
Question 1 POST_UTME_FUTA • 2023 • ACCOUNTING • objective

In a partnership account, if the capital of A and B is ₦120,000 and ₦150,000 respectively, and the profit-sharing ratio is 3:2, what is the total profit-sharing ratio?

Answer Options

Correct Answer A. 5:3
B. 3:2
C. 5:2
D. 3:5
Correct Answer
A
Correct Option:
5:3

About This Question

This is Post Utme Futa 2023 Accounting Question 1. It is one of the objective questions from the 2023 Post Utme Futa Accounting examination.

View More Post Utme Futa 2023 Accounting Questions More Post Utme Futa Practice Questions Back to Questions

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