Post Utme Mountain Top University 2018 Accounting Question 2

Practice objective / multiple choice question 2 from the 2018 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2018 Accounting Objective / Multiple Choice
Question 2 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2018 • ACCOUNTING • objective

A firm has two partners, A and B, who share profits in the ratio 3:2. The capital of A is ₦60,000 and that of B is ₦40,000. Calculate the profit-sharing ratio of A and B.

Answer Options

Correct Answer A. 3:2
B. 2:3
C. 4:3
D. 5:4
Correct Answer
A
Correct Option:
3:2

About This Question

This is Post Utme Mountain Top University 2018 Accounting Question 2. It is one of the objective questions from the 2018 Post Utme Mountain Top University Accounting examination.

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