Post Utme Abu 2021 Accounting Question 18

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

Post Utme Abu 2021 Accounting Objective / Multiple Choice
Question 18 POST_UTME_ABU • 2021 • ACCOUNTING • objective

A partnership consists of two partners, A and B. The capital account of A is ₦200,000 and that of B is ₦300,000. The profit-sharing ratio is 2:3. Calculate the share of profit of A.

Answer Options

Correct Answer A. ₦400,000
B. ₦600,000
C. ₦800,000
D. ₦1,000,000
Correct Answer
A
Correct Option:
₦400,000

About This Question

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

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