Post Utme Covenant University 2021 Accounting Question 21

Practice objective / multiple choice question 21 from the 2021 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2021 Accounting Objective / Multiple Choice
Question 21 POST_UTME_COVENANT_UNIVERSITY • 2021 • ACCOUNTING • objective

A partnership is formed between two individuals, A and B, with a capital of ₦500,000 each. They share profits and losses in the ratio 3:2. If the profit for the year is ₦750,000, how much will A receive?

Answer Options

A. ₦450,000
Correct Answer B. ₦525,000
C. ₦600,000
D. ₦675,000
Correct Answer
B
Correct Option:
₦525,000

About This Question

This is Post Utme Covenant University 2021 Accounting Question 21. It is one of the objective questions from the 2021 Post Utme Covenant University Accounting examination.

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