Post Utme Greenfield University 2020 Accounting Question 36

Practice objective / multiple choice question 36 from the 2020 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2020 Accounting Objective / Multiple Choice
Question 36 POST_UTME_GREENFIELD_UNIVERSITY • 2020 • ACCOUNTING • objective

A company has two partners, A and B, who share profits and losses in the ratio 3:2. If the company makes a profit of ₦120,000, how much will each partner receive?

Answer Options

A. ₦60,000 and ₦40,000
Correct Answer B. ₦72,000 and ₦48,000
C. ₦90,000 and ₦30,000
D. ₦80,000 and ₦40,000
Correct Answer
B
Correct Option:
₦72,000 and ₦48,000

About This Question

This is Post Utme Greenfield University 2020 Accounting Question 36. It is one of the objective questions from the 2020 Post Utme Greenfield University Accounting examination.

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