Post Utme Bowen University 2022 Accounting Question 12

Practice objective / multiple choice question 12 from the 2022 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2022 Accounting Objective / Multiple Choice
Question 12 POST_UTME_BOWEN_UNIVERSITY • 2022 • ACCOUNTING • objective

A partnership has two partners, A and B, with capital contributions of ₦500,000 and ₦300,000 respectively. If the profit sharing ratio is 3:2, what is the total profit?

Answer Options

A. ₦1,200,000
B. ₦1,500,000
Correct Answer C. ₦1,800,000
D. ₦2,000,000
Correct Answer
C
Correct Option:
₦1,800,000

About This Question

This is Post Utme Bowen University 2022 Accounting Question 12. It is one of the objective questions from the 2022 Post Utme Bowen University Accounting examination.

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