Post Utme Bowen University 2024 Accounting Question 34

Practice objective / multiple choice question 34 from the 2024 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2024 Accounting Objective / Multiple Choice
Question 34 POST_UTME_BOWEN_UNIVERSITY • 2024 • ACCOUNTING • objective

A company has a partnership agreement that states the profits will be shared in the ratio 2:3:1. The company's total profit for the year is ₦120,000. Calculate the amount of profit that should be distributed to partner C.

Answer Options

A. ₦20,000
B. ₦30,000
Correct Answer C. ₦40,000
D. ₦50,000
Correct Answer
C
Correct Option:
₦40,000

About This Question

This is Post Utme Bowen University 2024 Accounting Question 34. It is one of the objective questions from the 2024 Post Utme Bowen University Accounting examination.

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