Post Utme Joseph Ayo Babalola University 2017 Accounting Question 39
Practice objective / multiple choice question 39 from the 2017 Post Utme Joseph Ayo Babalola University Accounting examination.
In a partnership account, the capital of a partner who leaves the firm is transferred to the remaining partners in the ratio of their current profit-sharing ratio. If the capital of the departing partner is ₦5,000 and the current profit-sharing ratio of the remaining partners is 3:2, what is the amount of capital that the partner who has a 3:2 ratio will receive?
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This is Post Utme Joseph Ayo Babalola University 2017 Accounting Question 39. It is one of the objective questions from the 2017 Post Utme Joseph Ayo Babalola University Accounting examination.
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