Post Utme Achievers University 2024 Accounting Question 25

Practice objective / multiple choice question 25 from the 2024 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2024 Accounting Objective / Multiple Choice
Question 25 POST_UTME_ACHIEVERS_UNIVERSITY • 2024 • ACCOUNTING • objective

A partnership is formed between three individuals, A, B, and C, with a capital contribution of ₦300,000, ₦200,000, and ₦400,000 respectively. After one year, the partnership makes a profit of ₦250,000. The profit is divided in the ratio of 3:2:5. Calculate the amount of profit that A will receive.

Answer Options

Correct Answer A. ₦120,000
B. ₦180,000
C. ₦160,000
D. ₦140,000
Correct Answer
A
Correct Option:
₦120,000

About This Question

This is Post Utme Achievers University 2024 Accounting Question 25. It is one of the objective questions from the 2024 Post Utme Achievers University Accounting examination.

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