Post Utme Delsu 2023 Accounting Question 32

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

Post Utme Delsu 2023 Accounting Objective / Multiple Choice
Question 32 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 partnership has a profit of ₦120,000, how much will each partner receive?

Answer Options

Correct Answer A. Partner A: ₦90,000, Partner B: ₦30,000
B. Partner A: ₦60,000, Partner B: ₦60,000
C. Partner A: ₦120,000, Partner B: ₦0
D. Partner A: ₦0, Partner B: ₦120,000
Correct Answer
A
Correct Option:
Partner A: ₦90,000, Partner B: ₦30,000

About This Question

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

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