Post Utme Futo 2017 Accounting Question 12

Practice objective / multiple choice question 12 from the 2017 Post Utme Futo Accounting examination.

Post Utme Futo 2017 Accounting Objective / Multiple Choice
Question 12 POST_UTME_FUTO • 2017 • ACCOUNTING • objective

A partnership is formed between two individuals, A and B. A invests ₦200,000 and B invests ₦300,000. The profit is divided in the ratio 2:3. Calculate the profit sharing ratio.

Answer Options

Correct Answer A. A: ₦400,000, B: ₦600,000
B. A: ₦600,000, B: ₦400,000
C. A: ₦300,000, B: ₦500,000
D. A: ₦500,000, B: ₦300,000
Correct Answer
A
Correct Option:
A: ₦400,000, B: ₦600,000

About This Question

This is Post Utme Futo 2017 Accounting Question 12. It is one of the objective questions from the 2017 Post Utme Futo Accounting examination.

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