Post Utme Greenfield University 2018 Accounting Question 21

Practice objective / multiple choice question 21 from the 2018 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2018 Accounting Objective / Multiple Choice
Question 21 POST_UTME_GREENFIELD_UNIVERSITY • 2018 • ACCOUNTING • objective

A partnership is formed between two individuals, A and B, with a capital of ₦500,000 each. The profit-sharing ratio is 3:2. If the profit for the year is ₦750,000, calculate the amount of profit that will be credited to A's capital account.

Answer Options

Correct Answer A. ₦450,000
B. ₦525,000
C. ₦600,000
D. ₦675,000
Correct Answer
A
Correct Option:
₦450,000

About This Question

This is Post Utme Greenfield University 2018 Accounting Question 21. It is one of the objective questions from the 2018 Post Utme Greenfield University Accounting examination.

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