Post Utme Delsu 2023 Accounting Question 2

Practice objective / multiple choice question 2 from the 2023 Post Utme Delsu Accounting examination.

Post Utme Delsu 2023 Accounting Objective / Multiple Choice
Question 2 POST_UTME_DELSU • 2023 • ACCOUNTING • objective

A partnership has two partners, A and B. The partnership agreement states that profits and losses are to be shared in the ratio 3:2. If the total profit for the year is ₦120,000, how much will each partner receive?

Answer Options

A. ₦60,000 to A and ₦40,000 to B
Correct Answer B. ₦72,000 to A and ₦48,000 to B
C. ₦90,000 to A and ₦30,000 to B
D. ₦80,000 to A and ₦40,000 to B
Correct Answer
B
Correct Option:
₦72,000 to A and ₦48,000 to B

About This Question

This is Post Utme Delsu 2023 Accounting Question 2. It is one of the objective questions from the 2023 Post Utme Delsu Accounting examination.

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