Post Utme Bells University 2021 Accounting Question 3

Practice objective / multiple choice question 3 from the 2021 Post Utme Bells University Accounting examination.

Post Utme Bells University 2021 Accounting Objective / Multiple Choice
Question 3 POST_UTME_BELLS_UNIVERSITY • 2021 • ACCOUNTING • objective

A partnership between three individuals, A, B, and C, has the following capital accounts: A: ₦50,000 B: ₦30,000 C: ₦20,000 The partnership agreement states that the profits and losses will be shared in the ratio 3:2:1. What is the total profit of ₦10,000 shared among the partners?

Answer Options

A. ₦6,000
B. ₦7,000
Correct Answer C. ₦8,000
D. ₦9,000
Correct Answer
C
Correct Option:
₦8,000

About This Question

This is Post Utme Bells University 2021 Accounting Question 3. It is one of the objective questions from the 2021 Post Utme Bells University Accounting examination.

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