Post Utme Oau 2017 Accounting Question 16

Practice objective / multiple choice question 16 from the 2017 Post Utme Oau Accounting examination.

Post Utme Oau 2017 Accounting Objective / Multiple Choice
Question 16 POST_UTME_OAU • 2017 • ACCOUNTING • objective

In a partnership account, the capital of a partner is increased by ₦50,000. The partner's current profit-sharing ratio is 3:5. If the partner's initial capital was ₦120,000, what is the new profit-sharing ratio?

Answer Options

A. 2:4
Correct Answer B. 3:6
C. 4:6
D. 5:7
Correct Answer
B
Correct Option:
3:6

About This Question

This is Post Utme Oau 2017 Accounting Question 16. It is one of the objective questions from the 2017 Post Utme Oau Accounting examination.

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