Post Utme Al Hikmah University 2024 Accounting Question 31
Practice objective / multiple choice question 31 from the 2024 Post Utme Al Hikmah University Accounting examination.
A partnership is formed between two individuals, A and B, with a capital of ₦500,000 each. After 6 months, A withdraws ₦100,000 from the partnership, while B invests an additional ₦50,000. The profit-sharing ratio is 3:2. Calculate the total profit for the year, assuming a profit of ₦200,000.
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This is Post Utme Al Hikmah University 2024 Accounting Question 31. It is one of the objective questions from the 2024 Post Utme Al Hikmah University Accounting examination.
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