Post Utme Babcock University 2017 Accounting Question 7

Practice objective / multiple choice question 7 from the 2017 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2017 Accounting Objective / Multiple Choice
Question 7 POST_UTME_BABCOCK_UNIVERSITY • 2017 • ACCOUNTING • objective

A partnership has two partners, A and B. The partnership agreement states that profits and losses are to be shared in the ratio 3:2. If the partnership's net profit for the year is ₦120,000, how much will each partner receive?

Answer Options

A. ₦60,000 and ₦60,000
Correct Answer B. ₦72,000 and ₦48,000
C. ₦90,000 and ₦30,000
D. ₦80,000 and ₦40,000
Correct Answer
B
Correct Option:
₦72,000 and ₦48,000

About This Question

This is Post Utme Babcock University 2017 Accounting Question 7. It is one of the objective questions from the 2017 Post Utme Babcock University Accounting examination.

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