Post Utme Futo 2023 Accounting Question 18

Practice objective / multiple choice question 18 from the 2023 Post Utme Futo Accounting examination.

Post Utme Futo 2023 Accounting Objective / Multiple Choice
Question 18 POST_UTME_FUTO • 2023 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital accounts of A and B are ₦50,000 and ₦30,000 respectively. If the profit-sharing ratio is 3:2, calculate the profit to be distributed to each partner.

Answer Options

Correct Answer A. ₦25,000
B. ₦30,000
C. ₦35,000
D. ₦40,000
Correct Answer
A
Correct Option:
₦25,000

About This Question

This is Post Utme Futo 2023 Accounting Question 18. It is one of the objective questions from the 2023 Post Utme Futo Accounting examination.

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