Post Utme Afe Babalola University 2021 Accounting Question 25

Practice objective / multiple choice question 25 from the 2021 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2021 Accounting Objective / Multiple Choice
Question 25 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2021 • ACCOUNTING • objective

A partnership is formed between three partners, A, B, and C, with a capital of ₦150,000, ₦200,000, and ₦250,000 respectively. If the profit is divided in the ratio 2:3:4, what is the share of profit of partner B?

Answer Options

A. ₦1,20,000
Correct Answer B. ₦1,40,000
C. ₦1,60,000
D. ₦1,80,000
Correct Answer
B
Correct Option:
₦1,40,000

About This Question

This is Post Utme Afe Babalola University 2021 Accounting Question 25. It is one of the objective questions from the 2021 Post Utme Afe Babalola University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support