Post Utme Igbinedion University 2018 Accounting Question 2

Practice objective / multiple choice question 2 from the 2018 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2018 Accounting Objective / Multiple Choice
Question 2 POST_UTME_IGBINEDION_UNIVERSITY • 2018 • ACCOUNTING • objective

A partnership is formed between two individuals, A and B, with a capital contribution of ₦200,000 and ₦300,000 respectively. After one year, the profit is divided in the ratio 2:3. What is the total profit for the year?

Answer Options

A. ₦50,000
Correct Answer B. ₦60,000
C. ₦70,000
D. ₦80,000
Correct Answer
B
Correct Option:
₦60,000

About This Question

This is Post Utme Igbinedion University 2018 Accounting Question 2. It is one of the objective questions from the 2018 Post Utme Igbinedion University Accounting examination.

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