Post Utme Futo 2018 Accounting Question 16

Practice objective / multiple choice question 16 from the 2018 Post Utme Futo Accounting examination.

Post Utme Futo 2018 Accounting Objective / Multiple Choice
Question 16 POST_UTME_FUTO • 2018 • ACCOUNTING • objective

A company has two partners, A and B. The capital of A is ₦500,000 and that of B is ₦300,000. The profit-sharing ratio is 3:2. Calculate the profit to be shared by A.

Answer Options

Correct Answer A. ₦450,000
B. ₦300,000
C. ₦400,000
D. ₦350,000
Correct Answer
A
Correct Option:
₦450,000

About This Question

This is Post Utme Futo 2018 Accounting Question 16. It is one of the objective questions from the 2018 Post Utme Futo 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