Post Utme Nile University 2021 Accounting Question 1

Practice objective / multiple choice question 1 from the 2021 Post Utme Nile University Accounting examination.

Post Utme Nile University 2021 Accounting Objective / Multiple Choice

Question 1 POST_UTME_NILE_UNIVERSITY • 2021 • ACCOUNTING • objective

In a partnership account, the capital of two partners, A and B, is ₦500,000 and ₦300,000 respectively. If the profit-sharing ratio is 3:2, what is the ratio of their capitals?

Answer Options

Correct Answer A. 3:2

B. 2:3

C. 1:1

D. 4:3

Correct Answer

Correct Option:

3:2

About This Question

This is Post Utme Nile University 2021 Accounting Question 1. It is one of the objective questions from the 2021 Post Utme Nile University Accounting examination.

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