Post Utme Igbinedion University 2018 Accounting Question 23

Practice objective / multiple choice question 23 from the 2018 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2018 Accounting Objective / Multiple Choice
Question 23 POST_UTME_IGBINEDION_UNIVERSITY • 2018 • ACCOUNTING • objective

A company has the following transactions related to its partnership accounts: 1. A and B invested ₦200,000 and ₦150,000 respectively 2. C invested ₦100,000 3. The profit-sharing ratio is 3:2:1 What is the total profit-sharing ratio?

Answer Options

Correct Answer A. 5:3:2
B. 3:2:1
C. 6:4:2
D. 4:3:2
Correct Answer
A
Correct Option:
5:3:2

About This Question

This is Post Utme Igbinedion University 2018 Accounting Question 23. It is one of the objective questions from the 2018 Post Utme Igbinedion University Accounting examination.

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