Post Utme Igbinedion University 2019 Accounting Question 22

Practice objective / multiple choice question 22 from the 2019 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2019 Accounting Objective / Multiple Choice
Question 22 POST_UTME_IGBINEDION_UNIVERSITY • 2019 • ACCOUNTING • objective

A partnership has two partners, A and B, who share profits and losses in the ratio 3:2. The partnership has a capital of ₦200,000, and A has invested ₦120,000. What is the amount of A's share of the profit?

Answer Options

Correct Answer A. ₦60,000
B. ₦80,000
C. ₦100,000
D. ₦120,000
Correct Answer
A
Correct Option:
₦60,000

About This Question

This is Post Utme Igbinedion University 2019 Accounting Question 22. It is one of the objective questions from the 2019 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