Post Utme Aaua 2021 Accounting Question 18

Practice objective / multiple choice question 18 from the 2021 Post Utme Aaua Accounting examination.

Post Utme Aaua 2021 Accounting Objective / Multiple Choice
Question 18 POST_UTME_AAUA • 2021 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital contributions of the partners are as follows: A: ₦500,000 B: ₦300,000 The profit-sharing ratio is 3:2. What is the amount of profit to be shared by partner A?

Answer Options

A. ₦300,000
B. ₦400,000
Correct Answer C. ₦500,000
D. ₦600,000
Correct Answer
C
Correct Option:
₦500,000

About This Question

This is Post Utme Aaua 2021 Accounting Question 18. It is one of the objective questions from the 2021 Post Utme Aaua Accounting examination.

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