Post Utme Futo 2024 Accounting Question 13

Practice objective / multiple choice question 13 from the 2024 Post Utme Futo Accounting examination.

Post Utme Futo 2024 Accounting Objective / Multiple Choice
Question 13 POST_UTME_FUTO • 2024 • ACCOUNTING • objective

A partnership is formed between two individuals, A and B, with capital contributions of ₦200,000 and ₦300,000 respectively. The profit-sharing ratio is 2:3. Calculate the profit-sharing ratio in terms of the capital contributions.

Answer Options

A. 1:2
Correct Answer B. 2:3
C. 3:4
D. 4:5
Correct Answer
B
Correct Option:
2:3

About This Question

This is Post Utme Futo 2024 Accounting Question 13. It is one of the objective questions from the 2024 Post Utme Futo Accounting examination.

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