Post Utme Futa 2022 Accounting Question 29

Practice objective / multiple choice question 29 from the 2022 Post Utme Futa Accounting examination.

Post Utme Futa 2022 Accounting Objective / Multiple Choice
Question 29 POST_UTME_FUTA • 2022 • ACCOUNTING • objective

A partnership is formed between two individuals, A and B, with a capital of ₦500,000 each. They share profits and losses in the ratio 3:2. If the firm's profit for the year is ₦750,000, calculate the amount of profit to be distributed to A.

Answer Options

Correct Answer A. ₦450,000
B. ₦525,000
C. ₦600,000
D. ₦675,000
Correct Answer
A
Correct Option:
₦450,000

About This Question

This is Post Utme Futa 2022 Accounting Question 29. It is one of the objective questions from the 2022 Post Utme Futa Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support