Post Utme Eksu 2020 Accounting Question 7

Practice objective / multiple choice question 7 from the 2020 Post Utme Eksu Accounting examination.

Post Utme Eksu 2020 Accounting Objective / Multiple Choice
Question 7 POST_UTME_EKSU • 2020 • ACCOUNTING • objective

A company has two partners, A and B, who share profits in the ratio 3:2. The company's profit for the year is ₦1,200,000. If A's drawings for the year are ₦200,000, what is B's share of the profit?

Answer Options

A. ₦360,000
Correct Answer B. ₦420,000
C. ₦480,000
D. ₦540,000
Correct Answer
B
Correct Option:
₦420,000

About This Question

This is Post Utme Eksu 2020 Accounting Question 7. It is one of the objective questions from the 2020 Post Utme Eksu Accounting examination.

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