Post Utme Lead City University 2022 Accounting Question 34

Practice objective / multiple choice question 34 from the 2022 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2022 Accounting Objective / Multiple Choice

Question 34 POST_UTME_LEAD_CITY_UNIVERSITY • 2022 • ACCOUNTING • objective

In a partnership account, if the capital of two partners, A and B, is ₦50,000 and ₦30,000 respectively, and the profit-sharing ratio is 3:2, what is the ratio of their capitals?

Answer Options

A. 2:1

Correct Answer B. 3:2

C. 1:2

D. 1:3

Correct Answer

Correct Option:

3:2

About This Question

This is Post Utme Lead City University 2022 Accounting Question 34. It is one of the objective questions from the 2022 Post Utme Lead City University Accounting examination.

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