Post Utme Greenfield University 2022 Accounting Question 3

Practice objective / multiple choice question 3 from the 2022 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2022 Accounting Objective / Multiple Choice

Question 3 POST_UTME_GREENFIELD_UNIVERSITY • 2022 • ACCOUNTING • objective

A partnership has the following balance sheet as at 31st December 2022: Assets: ₦500,000 Liabilities: ₦200,000 Partners' capital: ₦300,000 Using the ratio method, calculate the profit-sharing ratio of the partners.

Answer Options

Correct Answer A. 2:1

B. 3:1

C. 4:1

D. 5:1

Correct Answer

Correct Option:

2:1

About This Question

This is Post Utme Greenfield University 2022 Accounting Question 3. It is one of the objective questions from the 2022 Post Utme Greenfield University Accounting examination.

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