Post Utme Redeemers University 2023 Accounting Question 7

Practice objective / multiple choice question 7 from the 2023 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2023 Accounting Objective / Multiple Choice
Question 7 POST_UTME_REDEEMERS_UNIVERSITY • 2023 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital accounts of A and B are 50,000 and 30,000 respectively. The profit-sharing ratio is 3:2. Calculate the profit-sharing ratio in terms of the capital accounts.

Answer Options

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

About This Question

This is Post Utme Redeemers University 2023 Accounting Question 7. It is one of the objective questions from the 2023 Post Utme Redeemers University Accounting examination.

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