Post Utme Igbinedion University 2018 Accounting Question 7

Practice objective / multiple choice question 7 from the 2018 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2018 Accounting Objective / Multiple Choice
Question 7 POST_UTME_IGBINEDION_UNIVERSITY • 2018 • ACCOUNTING • objective

A partnership is formed between two individuals, John and Mary. John invests ₦100,000 and Mary invests ₦150,000. After one year, the profits are shared in the ratio 2:3. If the total profit for the year is ₦30,000, how much does John receive?

Answer Options

A. ₦6,000
Correct Answer B. ₦8,000
C. ₦10,000
D. ₦12,000
Correct Answer
B
Correct Option:
₦8,000

About This Question

This is Post Utme Igbinedion University 2018 Accounting Question 7. It is one of the objective questions from the 2018 Post Utme Igbinedion University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support