Post Utme Redeemers University 2021 Accounting Question 17

Practice objective / multiple choice question 17 from the 2021 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2021 Accounting Objective / Multiple Choice
Question 17 POST_UTME_REDEEMERS_UNIVERSITY • 2021 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital contributions of A and B are ₦150,000 and ₦200,000 respectively. If the profit-sharing ratio is 2:3, what is the profit-sharing ratio in terms of percentage?

Answer Options

A. 40%
Correct Answer B. 50%
C. 60%
D. 70%
Correct Answer
B
Correct Option:
50%

About This Question

This is Post Utme Redeemers University 2021 Accounting Question 17. It is one of the objective questions from the 2021 Post Utme Redeemers University Accounting examination.

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