Post Utme Greenfield University 2025 Accounting Question 6

Practice objective / multiple choice question 6 from the 2025 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2025 Accounting Objective / Multiple Choice
Question 6 POST_UTME_GREENFIELD_UNIVERSITY • 2025 • ACCOUNTING • objective

A partnership is formed by three individuals, A, B, and C, who contribute ₦100,000, ₦150,000, and ₦200,000 respectively. The partnership agreement states that the profits will be shared in the ratio 3:5:7. Calculate the total profit and the amount each partner will receive if the total profit is ₦1,200,000.

Answer Options

A. ₦1,200,000
B. ₦1,500,000
Correct Answer C. ₦1,800,000
D. ₦2,000,000
Correct Answer
C
Correct Option:
₦1,800,000

About This Question

This is Post Utme Greenfield University 2025 Accounting Question 6. It is one of the objective questions from the 2025 Post Utme Greenfield University Accounting examination.

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