Post Utme Elizade University 2017 Accounting Question 13

Practice objective / multiple choice question 13 from the 2017 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2017 Accounting Objective / Multiple Choice
Question 13 POST_UTME_ELIZADE_UNIVERSITY • 2017 • ACCOUNTING • objective

A partnership was formed between two individuals, A and B, who invested ₦50,000 and ₦30,000 respectively. The profit-sharing ratio was 2:1. If the total profit for the year was ₦60,000, how much did A receive?

Answer Options

A. ₦30,000
B. ₦40,000
Correct Answer C. ₦50,000
D. ₦60,000
Correct Answer
C
Correct Option:
₦50,000

About This Question

This is Post Utme Elizade University 2017 Accounting Question 13. It is one of the objective questions from the 2017 Post Utme Elizade University Accounting examination.

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