Post Utme Al Hikmah University 2021 Accounting Question 13

Practice objective / multiple choice question 13 from the 2021 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2021 Accounting Objective / Multiple Choice
Question 13 POST_UTME_AL-HIKMAH_UNIVERSITY • 2021 • ACCOUNTING • objective

A partnership is formed between two individuals, John and Mary. They agree to share profits and losses in the ratio 3:2. If the partnership makes a profit of ₦120,000, how much will John receive?

Answer Options

Correct Answer A. ₦90,000
B. ₦120,000
C. ₦150,000
D. ₦180,000
Correct Answer
A
Correct Option:
₦90,000

About This Question

This is Post Utme Al Hikmah University 2021 Accounting Question 13. It is one of the objective questions from the 2021 Post Utme Al Hikmah 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