Post Utme Esut 2020 Accounting Question 22

Practice objective / multiple choice question 22 from the 2020 Post Utme Esut Accounting examination.

Post Utme Esut 2020 Accounting Objective / Multiple Choice
Question 22 POST_UTME_ESUT • 2020 • ACCOUNTING • objective

In a partnership with a 3:2:1 capital ratio, the net profit is ₦180,000. If the profit-sharing ratio is the same as the capital ratio, what is the share of the partner with a 1:1 capital ratio?

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 Esut 2020 Accounting Question 22. It is one of the objective questions from the 2020 Post Utme Esut Accounting examination.

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