Post Utme Elizade University 2017 Accounting Question 7

Practice objective / multiple choice question 7 from the 2017 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2017 Accounting Objective / Multiple Choice
Question 7 POST_UTME_ELIZADE_UNIVERSITY • 2017 • ACCOUNTING • objective

A partnership is formed by two partners, A and B, who contribute ₦50,000 and ₦30,000 respectively. The profit is divided in the ratio 3:2. If the total profit is ₦60,000, calculate the share of profit of partner A.

Answer Options

A. ₦30,000
Correct Answer B. ₦36,000
C. ₦42,000
D. ₦48,000
Correct Answer
B
Correct Option:
₦36,000

About This Question

This is Post Utme Elizade University 2017 Accounting Question 7. It is one of the objective questions from the 2017 Post Utme Elizade University Accounting examination.

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