Post Utme Caleb University 2017 Accounting Question 35

Practice objective / multiple choice question 35 from the 2017 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2017 Accounting Objective / Multiple Choice
Question 35 POST_UTME_CALEB_UNIVERSITY • 2017 • ACCOUNTING • objective

A company has two partners: A and B. The capital contributions of the partners are as follows: A ₦100,000 and B ₦50,000. The profit-sharing ratio is 3:2. What is the share of profit of partner A?

Answer Options

A. ₦60,000
Correct Answer B. ₦70,000
C. ₦80,000
D. ₦90,000
Correct Answer
B
Correct Option:
₦70,000

About This Question

This is Post Utme Caleb University 2017 Accounting Question 35. It is one of the objective questions from the 2017 Post Utme Caleb University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support