Post Utme Al Hikmah University 2024 Accounting Question 24

Practice objective / multiple choice question 24 from the 2024 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2024 Accounting Objective / Multiple Choice
Question 24 POST_UTME_AL-HIKMAH_UNIVERSITY • 2024 • ACCOUNTING • objective

A partnership has two partners, A and B. Partner A invests ₦100,000 and Partner B invests ₦80,000. If the profit is divided in the ratio 3:2, what is Partner A's share of the profit?

Answer Options

Correct Answer A. ₦120,000
B. ₦150,000
C. ₦180,000
D. ₦200,000
Correct Answer
A
Correct Option:
₦120,000

About This Question

This is Post Utme Al Hikmah University 2024 Accounting Question 24. It is one of the objective questions from the 2024 Post Utme Al Hikmah University Accounting examination.

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