Post Utme Covenant University 2022 Accounting Question 2

Practice objective / multiple choice question 2 from the 2022 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2022 Accounting Objective / Multiple Choice
Question 2 POST_UTME_COVENANT_UNIVERSITY • 2022 • ACCOUNTING • objective

A partnership is formed between three individuals, A, B, and C, who contribute ₦100,000, ₦150,000, and ₦200,000 respectively. The partnership agreement states that the profits and losses will be shared in the ratio 2:3:4. Determine the total amount of profit that will be shared by partner A.

Answer Options

Correct Answer A. ₦50,000
B. ₦60,000
C. ₦70,000
D. ₦80,000
Correct Answer
A
Correct Option:
₦50,000

About This Question

This is Post Utme Covenant University 2022 Accounting Question 2. It is one of the objective questions from the 2022 Post Utme Covenant University Accounting examination.

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