Post Utme Bsu 2022 Accounting Question 21

Practice objective / multiple choice question 21 from the 2022 Post Utme Bsu Accounting examination.

Post Utme Bsu 2022 Accounting Objective / Multiple Choice
Question 21 POST_UTME_BSU • 2022 • 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 the profits and losses will be shared in the ratio 3:2. If the partnership incurred a loss of ₦120,000, how much will A's share of the loss be?

Answer Options

A. ₦120,000
Correct Answer B. ₦90,000
C. ₦60,000
D. ₦30,000
Correct Answer
B
Correct Option:
₦90,000

About This Question

This is Post Utme Bsu 2022 Accounting Question 21. It is one of the objective questions from the 2022 Post Utme Bsu Accounting examination.

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