Post Utme Igbinedion University 2021 Accounting Question 2

Practice objective / multiple choice question 2 from the 2021 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2021 Accounting Objective / Multiple Choice
Question 2 POST_UTME_IGBINEDION_UNIVERSITY • 2021 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital contributions of A and B are ₦200,000 and ₦150,000 respectively. If the profit-sharing ratio is 3:2, what is the share of profit of partner A?

Answer Options

Correct Answer A. ₦120,000
B. ₦150,000
C. ₦180,000
D. ₦200,000
Correct Answer
A
Correct Option:
₦120,000

About This Question

This is Post Utme Igbinedion University 2021 Accounting Question 2. It is one of the objective questions from the 2021 Post Utme Igbinedion University Accounting examination.

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