Post Utme Bowen University 2018 Accounting Question 16

Practice objective / multiple choice question 16 from the 2018 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2018 Accounting Objective / Multiple Choice
Question 16 POST_UTME_BOWEN_UNIVERSITY • 2018 • ACCOUNTING • objective

In a partnership with a 3:5:7 profit-sharing ratio, the total profit for the year is ₦1,500,000. If the profit for the year is divided in the ratio of 3:5:7, what is the amount of profit that will be shared by the partner with the 7:7 ratio?

Answer Options

Correct Answer A. ₦210,000
B. ₦350,000
C. ₦420,000
D. ₦490,000
Correct Answer
A
Correct Option:
₦210,000

About This Question

This is Post Utme Bowen University 2018 Accounting Question 16. It is one of the objective questions from the 2018 Post Utme Bowen University Accounting examination.

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