Post Utme Skyline University 2020 Accounting Question 32

Practice objective / multiple choice question 32 from the 2020 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2020 Accounting Objective / Multiple Choice
Question 32 POST_UTME_SKYLINE_UNIVERSITY • 2020 • ACCOUNTING • objective

A partnership has two partners, A and B, who share profits and losses in the ratio 3:2. The capital contributions of A and B are ₦60,000 and ₦40,000 respectively. Calculate the profit-sharing ratio.

Answer Options

A. 2:1
Correct Answer B. 3:2
C. 4:3
D. 5:4
Correct Answer
B
Correct Option:
3:2

About This Question

This is Post Utme Skyline University 2020 Accounting Question 32. It is one of the objective questions from the 2020 Post Utme Skyline University Accounting examination.

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