Post Utme Afe Babalola University 2019 Accounting Question 8

Practice objective / multiple choice question 8 from the 2019 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2019 Accounting Objective / Multiple Choice
Question 8 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2019 • ACCOUNTING • objective

A partnership is formed between two individuals, A and B, with a capital contribution of ₦100,000 each. After one year, the profit is shared in the ratio 3:2. What is the amount of profit shared by partner A?

Answer Options

Correct Answer A. ₦60,000
B. ₦70,000
C. ₦80,000
D. ₦90,000
Correct Answer
A
Correct Option:
₦60,000

About This Question

This is Post Utme Afe Babalola University 2019 Accounting Question 8. It is one of the objective questions from the 2019 Post Utme Afe Babalola University Accounting examination.

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