Post Utme Covenant University 2023 Accounting Question 32

Practice objective / multiple choice question 32 from the 2023 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2023 Accounting Objective / Multiple Choice
Question 32 POST_UTME_COVENANT_UNIVERSITY • 2023 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital accounts of A and B are ₦50,000 and ₦30,000 respectively. The profit-sharing ratio is 3:2. Calculate the profit to be shared by A.

Answer Options

Correct Answer A. ₦45,000
B. ₦50,000
C. ₦55,000
D. ₦60,000
Correct Answer
A
Correct Option:
₦45,000

About This Question

This is Post Utme Covenant University 2023 Accounting Question 32. It is one of the objective questions from the 2023 Post Utme Covenant University Accounting examination.

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