Post Utme Coal City University 2017 Accounting Question 30

Practice objective / multiple choice question 30 from the 2017 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2017 Accounting Objective / Multiple Choice
Question 30 POST_UTME_COAL_CITY_UNIVERSITY • 2017 • ACCOUNTING • objective

A partnership has a capital of ₦1,500,000, divided among three partners in the ratio 3:5:7. If the profit is shared in the same ratio, calculate the amount of profit that will be shared by each partner.

Answer Options

A. ₦150,000
B. ₦200,000
Correct Answer C. ₦250,000
D. ₦300,000
Correct Answer
C
Correct Option:
₦250,000

About This Question

This is Post Utme Coal City University 2017 Accounting Question 30. It is one of the objective questions from the 2017 Post Utme Coal City University Accounting examination.

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