Post Utme Caleb University 2020 Accounting Question 28

Practice objective / multiple choice question 28 from the 2020 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2020 Accounting Objective / Multiple Choice
Question 28 POST_UTME_CALEB_UNIVERSITY • 2020 • ACCOUNTING • objective

A partnership has two partners, A and B. The partnership agreement states that the profits and losses will be shared in the ratio 3:2. If the total profit for the year is ₦120,000, how much will partner A receive?

Answer Options

Correct Answer A. ₦60,000
B. ₦80,000
C. ₦100,000
D. ₦120,000
Correct Answer
A
Correct Option:
₦60,000

About This Question

This is Post Utme Caleb University 2020 Accounting Question 28. It is one of the objective questions from the 2020 Post Utme Caleb University Accounting examination.

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