Post Utme Covenant University 2022 Accounting Question 35

Practice objective / multiple choice question 35 from the 2022 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2022 Accounting Objective / Multiple Choice
Question 35 POST_UTME_COVENANT_UNIVERSITY • 2022 • ACCOUNTING • objective

A partnership has two partners, A and B, who share profits and losses in the ratio 3:2. If the total profit for the year is ₦250,000, how much should each partner receive?

Answer Options

Correct Answer A. ₦150,000
B. ₦120,000
C. ₦180,000
D. ₦200,000
Correct Answer
A
Correct Option:
₦150,000

About This Question

This is Post Utme Covenant University 2022 Accounting Question 35. It is one of the objective questions from the 2022 Post Utme Covenant University Accounting examination.

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