Post Utme Coal City University 2020 Accounting Question 34

Practice objective / multiple choice question 34 from the 2020 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2020 Accounting Objective / Multiple Choice
Question 34 POST_UTME_COAL_CITY_UNIVERSITY • 2020 • ACCOUNTING • objective

The partners in a partnership firm share profits and losses in the ratio of 3:5:7. If the total profit for the year is ₦1,500,000, calculate the amount of profit that will be shared by each partner.

Answer Options

A. ₦225,000
B. ₦375,000
Correct Answer C. ₦525,000
D. ₦675,000
Correct Answer
C
Correct Option:
₦525,000

About This Question

This is Post Utme Coal City University 2020 Accounting Question 34. It is one of the objective questions from the 2020 Post Utme Coal City University Accounting examination.

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