Post Utme Caleb University 2017 Accounting Question 17

Practice objective / multiple choice question 17 from the 2017 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2017 Accounting Objective / Multiple Choice
Question 17 POST_UTME_CALEB_UNIVERSITY • 2017 • ACCOUNTING • objective

A partnership has 3 partners: A, B, and C. The capital contributions of A, B, and C are ₦50,000, ₦30,000, and ₦20,000 respectively. If the profit is divided in the ratio 3:2:1, what is the share of profit of partner A?

Answer Options

Correct Answer A. ₦45,000
B. ₦50,000
C. ₦55,000
D. ₦60,000
Correct Answer
A
Correct Option:
₦45,000

About This Question

This is Post Utme Caleb University 2017 Accounting Question 17. It is one of the objective questions from the 2017 Post Utme Caleb University Accounting examination.

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