Post Utme Al Hikmah University 2019 Accounting Question 36

Practice objective / multiple choice question 36 from the 2019 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2019 Accounting Objective / Multiple Choice
Question 36 POST_UTME_AL-HIKMAH_UNIVERSITY • 2019 • ACCOUNTING • objective

A partnership is formed between two individuals, A and B, with a capital of ₦500,000 each. The partnership agreement states that the profits will be shared in the ratio 3:2. If the profit for the year is ₦1,200,000, how much will A receive?

Answer Options

Correct Answer A. ₦720,000
B. ₦800,000
C. ₦900,000
D. ₦1,000,000
Correct Answer
A
Correct Option:
₦720,000

About This Question

This is Post Utme Al Hikmah University 2019 Accounting Question 36. It is one of the objective questions from the 2019 Post Utme Al Hikmah University Accounting examination.

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