Post Utme Coal City University 2024 Accounting Question 21

Practice objective / multiple choice question 21 from the 2024 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2024 Accounting Objective / Multiple Choice
Question 21 POST_UTME_COAL_CITY_UNIVERSITY • 2024 • ACCOUNTING • objective

In a partnership with a 60% profit-sharing ratio, a partner's capital contribution is 1:3 compared to another partner. If the total profit is ₦120,000, how much will the partner with a 1:3 capital contribution ratio receive?

Answer Options

A. ₦18,000
Correct Answer B. ₦24,000
C. ₦30,000
D. ₦36,000
Correct Answer
B
Correct Option:
₦24,000

About This Question

This is Post Utme Coal City University 2024 Accounting Question 21. It is one of the objective questions from the 2024 Post Utme Coal City University Accounting examination.

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