Post Utme Afe Babalola University 2018 Accounting Question 23

Practice objective / multiple choice question 23 from the 2018 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2018 Accounting Objective / Multiple Choice
Question 23 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2018 • ACCOUNTING • objective

A partnership agreement states that profits are to be shared in the ratio 2:3:5. If the total profit for the year is ₦150,000, what is the share of profit for the partner with a 5% interest?

Answer Options

A. ₦30,000
B. ₦45,000
Correct Answer C. ₦60,000
D. ₦75,000
Correct Answer
C
Correct Option:
₦60,000

About This Question

This is Post Utme Afe Babalola University 2018 Accounting Question 23. It is one of the objective questions from the 2018 Post Utme Afe Babalola University Accounting examination.

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