Post Utme Greenfield University 2021 Accounting Question 34

Practice objective / multiple choice question 34 from the 2021 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2021 Accounting Objective / Multiple Choice
Question 34 POST_UTME_GREENFIELD_UNIVERSITY • 2021 • ACCOUNTING • objective

A partnership is formed between two individuals, A and B, with a capital contribution of ₦500,000 and ₦300,000, respectively. After one year, the profit is ₦150,000. If A's share of the profit is ₦60,000, what is B's share of the profit?

Answer Options

A. ₦30,000
B. ₦45,000
Correct Answer C. ₦60,000
D. ₦90,000
Correct Answer
C
Correct Option:
₦60,000

About This Question

This is Post Utme Greenfield University 2021 Accounting Question 34. It is one of the objective questions from the 2021 Post Utme Greenfield University Accounting examination.

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