Post Utme Futo 2021 Accounting Question 1

Practice objective / multiple choice question 1 from the 2021 Post Utme Futo Accounting examination.

Post Utme Futo 2021 Accounting Objective / Multiple Choice
Question 1 POST_UTME_FUTO • 2021 • ACCOUNTING • objective

A partnership is formed between two individuals, A and B, with a capital of ₦150,000 and ₦200,000 respectively. If the profit-sharing ratio is 3:2, what is the ratio of their capitals?

Answer Options

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

About This Question

This is Post Utme Futo 2021 Accounting Question 1. It is one of the objective questions from the 2021 Post Utme Futo Accounting examination.

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