Post Utme Caleb University 2021 Accounting Question 8

Practice objective / multiple choice question 8 from the 2021 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2021 Accounting Objective / Multiple Choice
Question 8 POST_UTME_CALEB_UNIVERSITY • 2021 • ACCOUNTING • objective

A partnership has two partners, A and B, who share profits and losses in the ratio 3:2. If the partnership's net income for the year is ₦120,000, how much will each partner receive?

Answer Options

Correct Answer A. ₦36,000 and ₦24,000
B. ₦42,000 and ₦28,000
C. ₦48,000 and ₦32,000
D. ₦54,000 and ₦36,000
Correct Answer
A
Correct Option:
₦36,000 and ₦24,000

About This Question

This is Post Utme Caleb University 2021 Accounting Question 8. It is one of the objective questions from the 2021 Post Utme Caleb University Accounting examination.

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