Post Utme Lead City University 2024 Accounting Question 38

Practice objective / multiple choice question 38 from the 2024 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2024 Accounting Objective / Multiple Choice
Question 38 POST_UTME_LEAD_CITY_UNIVERSITY • 2024 • ACCOUNTING • objective

A partnership has two partners, A and B. Partner A has a capital of ₦500,000 and draws a salary of ₦100,000. Partner B has a capital of ₦300,000 and draws a salary of ₦50,000. What is the ratio of the profit sharing between the partners?

Answer Options

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

About This Question

This is Post Utme Lead City University 2024 Accounting Question 38. It is one of the objective questions from the 2024 Post Utme Lead City University Accounting examination.

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