Post Utme Uniport 2023 Accounting Question 16

Practice objective / multiple choice question 16 from the 2023 Post Utme Uniport Accounting examination.

Post Utme Uniport 2023 Accounting Objective / Multiple Choice
Question 16 POST_UTME_UNIPORT • 2023 • ACCOUNTING • objective

A company has two partners, A and B, who share profits in the ratio 3:2. The capital contributed by A and B are ₦120,000 and ₦80,000 respectively. Calculate the profit sharing ratio of A and B.

Answer Options

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

About This Question

This is Post Utme Uniport 2023 Accounting Question 16. It is one of the objective questions from the 2023 Post Utme Uniport Accounting examination.

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