Post Utme Bsu 2023 Accounting Question 32

Practice objective / multiple choice question 32 from the 2023 Post Utme Bsu Accounting examination.

Post Utme Bsu 2023 Accounting Objective / Multiple Choice
Question 32 POST_UTME_BSU • 2023 • ACCOUNTING • objective

A partnership has a 3:5:7 ratio. The total capital invested is ₦120,000. If the profit is shared in the same ratio, and the total profit is ₦45,000, what is the amount of profit shared by the partner with a 7:1 ratio?

Answer Options

A. ₦12,000
B. ₦15,000
Correct Answer C. ₦18,000
D. ₦20,000
Correct Answer
C
Correct Option:
₦18,000

About This Question

This is Post Utme Bsu 2023 Accounting Question 32. It is one of the objective questions from the 2023 Post Utme Bsu Accounting examination.

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