Post Utme Covenant University 2022 Accounting Question 28
Practice objective / multiple choice question 28 from the 2022 Post Utme Covenant University Accounting examination.
A company has two partners, A and B, who share profits in the ratio 3:2. The capital of the company is divided in the ratio 5:3. If the total profit for the year is ₦120,000, and the total capital is ₦300,000, calculate the amount of profit that partner A will receive.
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About This Question
This is Post Utme Covenant University 2022 Accounting Question 28. It is one of the objective questions from the 2022 Post Utme Covenant University Accounting examination.
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