Post Utme Al Hikmah University 2022 Accounting Question 3

Practice objective / multiple choice question 3 from the 2022 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2022 Accounting Objective / Multiple Choice

Question 3 POST_UTME_AL-HIKMAH_UNIVERSITY • 2022 • ACCOUNTING • objective

A partnership has two partners, A and B, with capital contributions of ₦200,000 and ₦150,000 respectively. The profit-sharing ratio is 3:2. What is the share of profit for partner A?

Answer Options

Correct Answer A. ₦300,000

B. ₦200,000

C. ₦400,000

D. ₦250,000

Correct Answer

Correct Option:

₦300,000

About This Question

This is Post Utme Al Hikmah University 2022 Accounting Question 3. It is one of the objective questions from the 2022 Post Utme Al Hikmah University Accounting examination.

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