Post Utme Greenfield University 2017 Accounting Question 12

Practice objective / multiple choice question 12 from the 2017 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2017 Accounting Objective / Multiple Choice
Question 12 POST_UTME_GREENFIELD_UNIVERSITY • 2017 • ACCOUNTING • objective

A partnership agreement between three partners, A, B, and C, states that the profit and loss will be shared in the ratio 3:2:1. If the total profit for the year is ₦120,000, how much will each partner receive?

Answer Options

Correct Answer A. ₦36,000, ₦24,000, ₦60,000
B. ₦60,000, ₦40,000, ₦20,000
C. ₦72,000, ₦48,000, ₦0
D. ₦90,000, ₦30,000, ₦0
Correct Answer
A
Correct Option:
₦36,000, ₦24,000, ₦60,000

About This Question

This is Post Utme Greenfield University 2017 Accounting Question 12. It is one of the objective questions from the 2017 Post Utme Greenfield University Accounting examination.

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