Post Utme Covenant University 2017 Accounting Question 19

Practice objective / multiple choice question 19 from the 2017 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2017 Accounting Objective / Multiple Choice
Question 19 POST_UTME_COVENANT_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's partnership agreement states that the profits and losses are to be shared in the ratio 3:2. If the company's profits for the year are ₦120,000, how much will each partner receive?

Answer Options

A. ₦60,000
Correct Answer B. ₦80,000
C. ₦100,000
D. ₦120,000
Correct Answer
B
Correct Option:
₦80,000

About This Question

This is Post Utme Covenant University 2017 Accounting Question 19. It is one of the objective questions from the 2017 Post Utme Covenant University Accounting examination.

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