Post Utme Al Hikmah University 2023 Accounting Question 13

Practice objective / multiple choice question 13 from the 2023 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2023 Accounting Objective / Multiple Choice
Question 13 POST_UTME_AL-HIKMAH_UNIVERSITY • 2023 • ACCOUNTING • objective

A partnership has two partners, A and B. A invested ₦ 80,000 and B invested ₦ 60,000. The profit-sharing ratio is 3:2. Calculate the share of profit of A.

Answer Options

A. ₦ 36,000
Correct Answer B. ₦ 40,000
C. ₦ 42,000
D. ₦ 44,000
Correct Answer
B
Correct Option:
₦ 40,000

About This Question

This is Post Utme Al Hikmah University 2023 Accounting Question 13. It is one of the objective questions from the 2023 Post Utme Al Hikmah University Accounting examination.

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