Post Utme Christopher University 2018 Accounting Question 17

Practice objective / multiple choice question 17 from the 2018 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2018 Accounting Objective / Multiple Choice
Question 17 POST_UTME_CHRISTOPHER_UNIVERSITY • 2018 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital contributions of A and B are ₦80,000 and ₦60,000 respectively. If the profit-sharing ratio is 3:2, what is the share of profit of partner A?

Answer Options

Correct Answer A. ₦24,000
B. ₦18,000
C. ₦20,000
D. ₦22,000
Correct Answer
A
Correct Option:
₦24,000

About This Question

This is Post Utme Christopher University 2018 Accounting Question 17. It is one of the objective questions from the 2018 Post Utme Christopher University Accounting examination.

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