Post Utme Nile University 2024 Accounting Question 7

Practice objective / multiple choice question 7 from the 2024 Post Utme Nile University Accounting examination.

Post Utme Nile University 2024 Accounting Objective / Multiple Choice
Question 7 POST_UTME_NILE_UNIVERSITY • 2024 • ACCOUNTING • objective

A partnership has two partners, A and B. Partner A invests ₦100,000 and partner B invests ₦150,000. The profit-sharing ratio is 2:3. Calculate the profit-sharing ratio in terms of the total investment.

Answer Options

A. 1:1
Correct Answer B. 2:3
C. 3:2
D. 4:5
Correct Answer
B
Correct Option:
2:3

About This Question

This is Post Utme Nile University 2024 Accounting Question 7. It is one of the objective questions from the 2024 Post Utme Nile University Accounting examination.

View More Post Utme Nile University 2024 Accounting Questions More Post Utme Nile University Practice Questions Back to Questions

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