Post Utme Afe Babalola University 2021 Accounting Question 12

Practice objective / multiple choice question 12 from the 2021 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2021 Accounting Objective / Multiple Choice
Question 12 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2021 • ACCOUNTING • objective

A partnership has two partners, A and B. A's capital is ₦500,000 and B's capital is ₦300,000. The profit-sharing ratio is 3:2. What is A's share of the profit?

Answer Options

Correct Answer A. ₦1,200,000
B. ₦900,000
C. ₦1,500,000
D. ₦2,100,000
Correct Answer
A
Correct Option:
₦1,200,000

About This Question

This is Post Utme Afe Babalola University 2021 Accounting Question 12. It is one of the objective questions from the 2021 Post Utme Afe Babalola University Accounting examination.

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