Post Utme Eksu 2022 Accounting Question 26

Practice objective / multiple choice question 26 from the 2022 Post Utme Eksu Accounting examination.

Post Utme Eksu 2022 Accounting Objective / Multiple Choice
Question 26 POST_UTME_EKSU • 2022 • ACCOUNTING • objective

A partnership is formed between two individuals, A and B, with a capital contribution of ₦500,000 and ₦300,000 respectively. The partnership agreement states that the profits will be shared in the ratio 3:2. If the net profit for the year is ₦750,000, what is the amount of profit that will be shared by A?

Answer Options

Correct Answer A. ₦450,000
B. ₦525,000
C. ₦600,000
D. ₦675,000
Correct Answer
A
Correct Option:
₦450,000

About This Question

This is Post Utme Eksu 2022 Accounting Question 26. It is one of the objective questions from the 2022 Post Utme Eksu Accounting examination.

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