Post Utme Covenant University 2018 Accounting Question 14

Practice objective / multiple choice question 14 from the 2018 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2018 Accounting Objective / Multiple Choice
Question 14 POST_UTME_COVENANT_UNIVERSITY • 2018 • ACCOUNTING • objective

A partnership has three partners: A, B, and C. The capital accounts of A, B, and C are ₦50,000, ₦30,000, and ₦20,000 respectively. The profit-sharing ratio is 3:2:1. Calculate the share of profit of partner A.

Answer Options

Correct Answer A. ₦15,000
B. ₦20,000
C. ₦25,000
D. ₦30,000
Correct Answer
A
Correct Option:
₦15,000

About This Question

This is Post Utme Covenant University 2018 Accounting Question 14. It is one of the objective questions from the 2018 Post Utme Covenant University Accounting examination.

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