Post Utme Futa 2019 Accounting Question 3

Practice objective / multiple choice question 3 from the 2019 Post Utme Futa Accounting examination.

Post Utme Futa 2019 Accounting Objective / Multiple Choice
Question 3 POST_UTME_FUTA • 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 partnership has a profit of 10,000, how much will each partner receive?

Answer Options

Correct Answer A. Partner A: 6,000, Partner B: 4,000
B. Partner A: 4,000, Partner B: 6,000
C. Partner A: 5,000, Partner B: 5,000
D. Partner A: 7,000, Partner B: 3,000
Correct Answer
A
Correct Option:
Partner A: 6,000, Partner B: 4,000

About This Question

This is Post Utme Futa 2019 Accounting Question 3. It is one of the objective questions from the 2019 Post Utme Futa Accounting examination.

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