Post Utme Futa 2024 Accounting Question 17

Practice objective / multiple choice question 17 from the 2024 Post Utme Futa Accounting examination.

Post Utme Futa 2024 Accounting Objective / Multiple Choice
Question 17 POST_UTME_FUTA • 2024 • ACCOUNTING • objective

A partnership is formed between two partners, A and B. A contributes ₦200,000 and B contributes ₦300,000. The profit is to be shared in the ratio 2:3. If the total profit is ₦120,000, calculate the share of profit of each partner.

Answer Options

Correct Answer A. A: ₦40,000, B: ₦80,000
B. A: ₦60,000, B: ₦60,000
C. A: ₦80,000, B: ₦40,000
D. A: ₦60,000, B: ₦60,000
Correct Answer
A
Correct Option:
A: ₦40,000, B: ₦80,000

About This Question

This is Post Utme Futa 2024 Accounting Question 17. It is one of the objective questions from the 2024 Post Utme Futa Accounting examination.

View More Post Utme Futa 2024 Accounting Questions More Post Utme Futa Practice Questions Back to Questions

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