Post Utme Achievers University 2017 Accounting Question 38

Practice objective / multiple choice question 38 from the 2017 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2017 Accounting Objective / Multiple Choice
Question 38 POST_UTME_ACHIEVERS_UNIVERSITY • 2017 • ACCOUNTING • objective

A partnership is formed by three individuals: A, B, and C. The capital contributions are as follows: A: ₦100,000, B: ₦80,000, and C: ₦60,000. The profit-sharing ratio is 3:2:1. Calculate the total profit for the year.

Answer Options

A. ₦240,000
B. ₦260,000
Correct Answer C. ₦280,000
D. ₦300,000
Correct Answer
C
Correct Option:
₦280,000

About This Question

This is Post Utme Achievers University 2017 Accounting Question 38. It is one of the objective questions from the 2017 Post Utme Achievers University Accounting examination.

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