Post Utme Wellspring University 2020 Accounting Question 2

Practice objective / multiple choice question 2 from the 2020 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2020 Accounting Objective / Multiple Choice
Question 2 POST_UTME_WELLSPRING_UNIVERSITY • 2020 • ACCOUNTING • objective

A partnership is formed between three individuals, A, B, and C. The capital contributions are ₦50,000, ₦30,000, and ₦20,000 respectively. If the profit-sharing ratio is 2:3:4, what is the ratio of their capital contributions?

Answer Options

Correct Answer A. 2:3:4
B. 3:4:5
C. 4:5:6
D. 5:6:7
Correct Answer
A
Correct Option:
2:3:4

About This Question

This is Post Utme Wellspring University 2020 Accounting Question 2. It is one of the objective questions from the 2020 Post Utme Wellspring University Accounting examination.

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