Post Utme Skyline University 2017 Accounting Question 18

Practice objective / multiple choice question 18 from the 2017 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2017 Accounting Objective / Multiple Choice
Question 18 POST_UTME_SKYLINE_UNIVERSITY • 2017 • ACCOUNTING • objective

A partnership firm's capital accounts are as follows: | Partner | Capital | Drawing | Balance | | --- | --- | --- | --- | | A | 10,000 | 2,000 | 8,000 | | B | 8,000 | 1,500 | 6,500 | | C | 12,000 | 3,000 | 9,000 | What is the total profit sharing ratio of the partners?

Answer Options

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

About This Question

This is Post Utme Skyline University 2017 Accounting Question 18. It is one of the objective questions from the 2017 Post Utme Skyline University Accounting examination.

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