Post Utme Greenfield University 2025 Accounting Question 32

Practice objective / multiple choice question 32 from the 2025 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2025 Accounting Objective / Multiple Choice
Question 32 POST_UTME_GREENFIELD_UNIVERSITY • 2025 • ACCOUNTING • objective

A company has two partners, X and Y, who share profits in the ratio 3:2. The company's profit for the year is ₦1,200,000. If X's drawings during the year were ₦150,000, what is the amount of X's share of the profit?

Answer Options

A. ₦540,000
B. ₦600,000
Correct Answer C. ₦720,000
D. ₦900,000
Correct Answer
C
Correct Option:
₦720,000

About This Question

This is Post Utme Greenfield University 2025 Accounting Question 32. It is one of the objective questions from the 2025 Post Utme Greenfield University Accounting examination.

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