Post Utme Coal City University 2018 Accounting Question 29

Practice objective / multiple choice question 29 from the 2018 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2018 Accounting Objective / Multiple Choice
Question 29 POST_UTME_COAL_CITY_UNIVERSITY • 2018 • ACCOUNTING • objective

A partnership has a capital of ₦500,000. The profit-sharing ratio is 3:2. If the profit for the year is ₦120,000, calculate the share of profit of each partner.

Answer Options

Correct Answer A. ₦60,000 and ₦40,000
B. ₦80,000 and ₦40,000
C. ₦60,000 and ₦60,000
D. ₦40,000 and ₦80,000
Correct Answer
A
Correct Option:
₦60,000 and ₦40,000

About This Question

This is Post Utme Coal City University 2018 Accounting Question 29. It is one of the objective questions from the 2018 Post Utme Coal City University Accounting examination.

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