Post Utme Greenfield University 2019 Accounting Question 22

Practice objective / multiple choice question 22 from the 2019 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2019 Accounting Objective / Multiple Choice
Question 22 POST_UTME_GREENFIELD_UNIVERSITY • 2019 • ACCOUNTING • objective

A partnership was formed between A, B, and C with a capital of ₦100,000, ₦80,000, and ₦60,000 respectively. After 2 years, the profits were divided in the ratio 3:2:1. Calculate the share of profit of each partner.

Answer Options

Correct Answer A. ₦24,000
B. ₦32,000
C. ₦40,000
D. ₦48,000
Correct Answer
A
Correct Option:
₦24,000

About This Question

This is Post Utme Greenfield University 2019 Accounting Question 22. It is one of the objective questions from the 2019 Post Utme Greenfield University Accounting examination.

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