Post Utme Abu 2017 Accounting Question 21

Practice objective / multiple choice question 21 from the 2017 Post Utme Abu Accounting examination.

Post Utme Abu 2017 Accounting Objective / Multiple Choice
Question 21 POST_UTME_ABU • 2017 • ACCOUNTING • objective

A partnership is formed between two individuals, A and B, with a capital of ₦100,000 each. The partnership agreement states that the profits will be shared in the ratio 3:2. If the profit for the year is ₦120,000, calculate the amount of profit that will be shared by A.

Answer Options

Correct Answer A. ₦60,000
B. ₦80,000
C. ₦90,000
D. ₦100,000
Correct Answer
A
Correct Option:
₦60,000

About This Question

This is Post Utme Abu 2017 Accounting Question 21. It is one of the objective questions from the 2017 Post Utme Abu Accounting examination.

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