Post Utme Coal City University 2022 Accounting Question 18

Practice objective / multiple choice question 18 from the 2022 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2022 Accounting Objective / Multiple Choice
Question 18 POST_UTME_COAL_CITY_UNIVERSITY • 2022 • ACCOUNTING • objective

A partnership is formed between two individuals, A and B, with a capital of ₦200,000 and ₦300,000 respectively. After one year, the profit is ₦50,000. The profit is divided in the ratio of 2:3. Calculate the amount of profit shared by A.

Answer Options

A. ₦20,000
Correct Answer B. ₦25,000
C. ₦30,000
D. ₦35,000
Correct Answer
B
Correct Option:
₦25,000

About This Question

This is Post Utme Coal City University 2022 Accounting Question 18. It is one of the objective questions from the 2022 Post Utme Coal City University Accounting examination.

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