Post Utme Redeemers University 2017 Accounting Question 12

Practice objective / multiple choice question 12 from the 2017 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2017 Accounting Objective / Multiple Choice
Question 12 POST_UTME_REDEEMERS_UNIVERSITY • 2017 • ACCOUNTING • objective

A company has a capital of ₦500,000, divided equally among three partners. The profit for the year is ₦150,000. If the partners' drawings are ₦20,000 each, determine the profit-sharing ratio of the partners.

Answer Options

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

About This Question

This is Post Utme Redeemers University 2017 Accounting Question 12. It is one of the objective questions from the 2017 Post Utme Redeemers University Accounting examination.

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