Post Utme Madonna University 2019 Accounting Question 7

Practice objective / multiple choice question 7 from the 2019 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2019 Accounting Objective / Multiple Choice
Question 7 POST_UTME_MADONNA_UNIVERSITY • 2019 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital contributions of A and B are ₦80,000 and ₦60,000 respectively. The profit sharing ratio is 3:2. What is the ratio of A's capital to B's capital?

Answer Options

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

About This Question

This is Post Utme Madonna University 2019 Accounting Question 7. It is one of the objective questions from the 2019 Post Utme Madonna University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support