Post Utme Elizade University 2019 Accounting Question 23

Practice objective / multiple choice question 23 from the 2019 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2019 Accounting Objective / Multiple Choice
Question 23 POST_UTME_ELIZADE_UNIVERSITY • 2019 • ACCOUNTING • objective

A partnership has two partners, A and B. The partnership agreement states that profits and losses are shared in the ratio 3:2. If the profit for the year is ₦120,000, how much will each partner receive?

Answer Options

A. ₦60,000 and ₦60,000
B. ₦90,000 and ₦30,000
Correct Answer C. ₦72,000 and ₦48,000
D. ₦80,000 and ₦40,000
Correct Answer
C
Correct Option:
₦72,000 and ₦48,000

About This Question

This is Post Utme Elizade University 2019 Accounting Question 23. It is one of the objective questions from the 2019 Post Utme Elizade University Accounting examination.

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