Post Utme Abu 2020 Accounting Question 13

Practice objective / multiple choice question 13 from the 2020 Post Utme Abu Accounting examination.

Post Utme Abu 2020 Accounting Objective / Multiple Choice
Question 13 POST_UTME_ABU • 2020 • ACCOUNTING • objective

A company has two partners, A and B, who share profits in the ratio 3:2. If the company makes a profit of ₦1,000,000, how much will each partner receive?

Answer Options

Correct Answer A. ₦600,000 and ₦400,000
B. ₦500,000 and ₦500,000
C. ₦400,000 and ₦600,000
D. ₦300,000 and ₦700,000
Correct Answer
A
Correct Option:
₦600,000 and ₦400,000

About This Question

This is Post Utme Abu 2020 Accounting Question 13. It is one of the objective questions from the 2020 Post Utme Abu Accounting examination.

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