Post Utme Mountain Top University 2024 Accounting Question 23
Practice objective / multiple choice question 23 from the 2024 Post Utme Mountain Top University Accounting examination.
A company has two partners, A and B, who share profits in the ratio 3:2. The capital of the company is divided in the ratio 5:3. If the total profit for the year is ₦120,000 and the total capital is ₦300,000, calculate the amount of capital that partner A will receive.
Answer Options
About This Question
This is Post Utme Mountain Top University 2024 Accounting Question 23. It is one of the objective questions from the 2024 Post Utme Mountain Top 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.