Post Utme Babcock University 2020 Accounting Question 11

Practice objective / multiple choice question 11 from the 2020 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2020 Accounting Objective / Multiple Choice
Question 11 POST_UTME_BABCOCK_UNIVERSITY • 2020 • ACCOUNTING • objective

A partnership between John and Mary has a capital of ₦200,000. Their profit-sharing ratio is 3:2. If the profit for the year is ₦120,000, calculate the amount of profit that should be distributed to John.

Answer Options

A. ₦60,000
Correct Answer B. ₦80,000
C. ₦90,000
D. ₦100,000
Correct Answer
B
Correct Option:
₦80,000

About This Question

This is Post Utme Babcock University 2020 Accounting Question 11. It is one of the objective questions from the 2020 Post Utme Babcock University Accounting examination.

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