Post Utme Nile University 2019 Accounting Question 7

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

Post Utme Nile University 2019 Accounting Objective / Multiple Choice

Question 7 POST_UTME_NILE_UNIVERSITY • 2019 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital accounts of A and B are ₦50,000 and ₦30,000 respectively. The profit-sharing ratio is 3:2. What is the total profit-sharing ratio of the partnership?

Answer Options

Correct Answer A. 3:2

B. 5:3

C. 3:5

D. 2:3

Correct Answer

Correct Option:

3:2

About This Question

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

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