Post Utme Bells University 2021 Accounting Question 32

Practice objective / multiple choice question 32 from the 2021 Post Utme Bells University Accounting examination.

Post Utme Bells University 2021 Accounting Objective / Multiple Choice
Question 32 POST_UTME_BELLS_UNIVERSITY • 2021 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital of the partnership is ₦500,000, divided into 5,000 shares of ₦100 each. Partner A has 2,000 shares and partner B has 3,000 shares. If the profit is divided in the ratio 2:3, what is the share of profit of partner A?

Answer Options

Correct Answer A. ₦40,000
B. ₦60,000
C. ₦80,000
D. ₦100,000
Correct Answer
A
Correct Option:
₦40,000

About This Question

This is Post Utme Bells University 2021 Accounting Question 32. It is one of the objective questions from the 2021 Post Utme Bells University Accounting examination.

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