Post Utme Osustech 2024 Accounting Question 3

Practice objective / multiple choice question 3 from the 2024 Post Utme Osustech Accounting examination.

Post Utme Osustech 2024 Accounting Objective / Multiple Choice
Question 3 POST_UTME_OSUSTECH • 2024 • ACCOUNTING • objective

A partnership is formed between two partners, A and B, who contribute ₦200,000 and ₦300,000 respectively. The partnership agreement states that the profit and loss will be shared in the ratio 2:3. Prepare the partnership deed.

Answer Options

Correct Answer A. Partnership Deed: A and B to share profits and losses in the ratio 2:3
B. Partnership Deed: A and B to share profits and losses in the ratio 3:2
C. Partnership Deed: A and B to share profits and losses in the ratio 1:1
D. Partnership Deed: A and B to share profits and losses in the ratio 4:6
Correct Answer
A
Correct Option:
Partnership Deed: A and B to share profits and losses in the ratio 2:3

About This Question

This is Post Utme Osustech 2024 Accounting Question 3. It is one of the objective questions from the 2024 Post Utme Osustech Accounting examination.

View More Post Utme Osustech 2024 Accounting Questions More Post Utme Osustech 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