Post Utme Greenfield University 2017 Accounting Question 17

Practice objective / multiple choice question 17 from the 2017 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2017 Accounting Objective / Multiple Choice
Question 17 POST_UTME_GREENFIELD_UNIVERSITY • 2017 • ACCOUNTING • objective

A partnership has two partners, A and B. The partnership agreement states that profits and losses are to be shared in the ratio 3:2. If the partnership has a profit of ₦100,000, how much will each partner receive?

Answer Options

Correct Answer A. ₦60,000 and ₦40,000
B. ₦50,000 and ₦50,000
C. ₦70,000 and ₦30,000
D. ₦80,000 and ₦20,000
Correct Answer
A
Correct Option:
₦60,000 and ₦40,000

About This Question

This is Post Utme Greenfield University 2017 Accounting Question 17. It is one of the objective questions from the 2017 Post Utme Greenfield University Accounting examination.

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