Post Utme Igbinedion University 2024 Accounting Question 34

Practice objective / multiple choice question 34 from the 2024 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2024 Accounting Objective / Multiple Choice
Question 34 POST_UTME_IGBINEDION_UNIVERSITY • 2024 • ACCOUNTING • objective

A, B, C and D are partners in a firm sharing profits and losses in the ratio 3:5:7:9. Their capitals were ₦100,000, ₦150,000, ₦200,000 and ₦250,000 respectively. Calculate the total capital of the firm.

Answer Options

A. ₦900,000
B. ₦1,000,000
Correct Answer C. ₦1,100,000
D. ₦1,200,000
Correct Answer
C
Correct Option:
₦1,100,000

About This Question

This is Post Utme Igbinedion University 2024 Accounting Question 34. It is one of the objective questions from the 2024 Post Utme Igbinedion University Accounting examination.

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