Post Utme Joseph Ayo Babalola University 2018 Accounting Question 11

Practice objective / multiple choice question 11 from the 2018 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2018 Accounting Objective / Multiple Choice
Question 11 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2018 • ACCOUNTING • objective

A partnership is formed by A, B, and C, sharing profits in the ratio 5:3:2. The capital contributed by A, B, and C are ₦60,000, ₦45,000, and ₦30,000 respectively. Calculate the total profit sharing ratio.

Answer Options

A. Total profit sharing ratio = 5:3:2
Correct Answer B. Total profit sharing ratio = 10:6:4
C. Total profit sharing ratio = 15:9:6
D. Total profit sharing ratio = 20:12:8
Correct Answer
B
Correct Option:
Total profit sharing ratio = 10:6:4

About This Question

This is Post Utme Joseph Ayo Babalola University 2018 Accounting Question 11. It is one of the objective questions from the 2018 Post Utme Joseph Ayo Babalola University Accounting examination.

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