Post Utme Bowen University 2018 Accounting Question 11

Practice objective / multiple choice question 11 from the 2018 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2018 Accounting Objective / Multiple Choice
Question 11 POST_UTME_BOWEN_UNIVERSITY • 2018 • ACCOUNTING • objective

A partnership is formed between two individuals, A and B, with a capital of ₦1,000,000. After one year, the profit is ₦500,000. The profit-sharing ratio is 3:2. Calculate the amount of profit that A will receive.

Answer Options

Correct Answer A. ₦300,000
B. ₦400,000
C. ₦500,000
D. ₦600,000
Correct Answer
A
Correct Option:
₦300,000

About This Question

This is Post Utme Bowen University 2018 Accounting Question 11. It is one of the objective questions from the 2018 Post Utme Bowen University Accounting examination.

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