Post Utme Bowen University 2019 Accounting Question 21

Practice objective / multiple choice question 21 from the 2019 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2019 Accounting Objective / Multiple Choice
Question 21 POST_UTME_BOWEN_UNIVERSITY • 2019 • ACCOUNTING • objective

A partnership is formed between two individuals, A and B, with a capital contribution of ₦500,000 and ₦300,000 respectively. The partnership agreement states that profits and losses will be shared in the ratio 3:2. If the partnership makes a profit of ₦150,000, how much will A receive?

Answer Options

Correct Answer A. ₦180,000
B. ₦120,000
C. ₦150,000
D. ₦200,000
Correct Answer
A
Correct Option:
₦180,000

About This Question

This is Post Utme Bowen University 2019 Accounting Question 21. It is one of the objective questions from the 2019 Post Utme Bowen University Accounting examination.

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