Post Utme Al Hikmah University 2018 Accounting Question 27

Practice objective / multiple choice question 27 from the 2018 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2018 Accounting Objective / Multiple Choice
Question 27 POST_UTME_AL-HIKMAH_UNIVERSITY • 2018 • ACCOUNTING • objective

A partnership is formed between two individuals, A and B, who contribute ₦100,000 and ₦150,000 respectively. The partnership agreement states that the profits and losses will be shared in the ratio 2:3. If the partnership makes a profit of ₦50,000, how much will A receive?

Answer Options

A. ₦30,000
Correct Answer B. ₦40,000
C. ₦50,000
D. ₦60,000
Correct Answer
B
Correct Option:
₦40,000

About This Question

This is Post Utme Al Hikmah University 2018 Accounting Question 27. It is one of the objective questions from the 2018 Post Utme Al Hikmah University Accounting examination.

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