Post Utme Igbinedion University 2019 Accounting Question 37

Practice objective / multiple choice question 37 from the 2019 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2019 Accounting Objective / Multiple Choice
Question 37 POST_UTME_IGBINEDION_UNIVERSITY • 2019 • ACCOUNTING • objective

A partnership is formed by A, B, and C who contribute ₦50,000, ₦30,000, and ₦20,000 respectively. Their profit-sharing ratio is 3:2:1. Calculate the amount of profit to be shared by A.

Answer Options

Correct Answer A. ₦60,000
B. ₦40,000
C. ₦30,000
D. ₦20,000
Correct Answer
A
Correct Option:
₦60,000

About This Question

This is Post Utme Igbinedion University 2019 Accounting Question 37. It is one of the objective questions from the 2019 Post Utme Igbinedion University Accounting examination.

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