Post Utme Crawford University 2021 Accounting Question 17

Practice objective / multiple choice question 17 from the 2021 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2021 Accounting Objective / Multiple Choice
Question 17 POST_UTME_CRAWFORD_UNIVERSITY • 2021 • ACCOUNTING • objective

A partnership has three partners: A, B, and C. The capital accounts of A, B, and C are ₦150,000, ₦200,000, and ₦250,000 respectively. The profit-sharing ratio is 2:3:4. Calculate the profit to be shared by each partner.

Answer Options

A. ₦100,000
Correct Answer B. ₦150,000
C. ₦200,000
D. ₦250,000
Correct Answer
B
Correct Option:
₦150,000

About This Question

This is Post Utme Crawford University 2021 Accounting Question 17. It is one of the objective questions from the 2021 Post Utme Crawford University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support