Post Utme Unn 2018 Accounting Question 39

Practice objective / multiple choice question 39 from the 2018 Post Utme Unn Accounting examination.

Post Utme Unn 2018 Accounting Objective / Multiple Choice
Question 39 POST_UTME_UNN • 2018 • ACCOUNTING • objective

A partnership is formed between two individuals, A and B, with a capital contribution of ₦100,000 and ₦80,000 respectively. The partnership agreement states that the profits and losses will be shared in the ratio 3:2. What is the ratio of A's and B's capital contribution to their respective share of profits?

Answer Options

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

About This Question

This is Post Utme Unn 2018 Accounting Question 39. It is one of the objective questions from the 2018 Post Utme Unn 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