Post Utme Igbinedion University 2021 Accounting Question 26

Practice objective / multiple choice question 26 from the 2021 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2021 Accounting Objective / Multiple Choice
Question 26 POST_UTME_IGBINEDION_UNIVERSITY • 2021 • ACCOUNTING • objective

A partnership has two partners, A and B. Partner A invested ₦50,000 and Partner B invested ₦30,000. If the profit is shared in the ratio 3:2, what is the amount of profit shared by Partner A?

Answer Options

Correct Answer A. ₦18,000
B. ₦20,000
C. ₦22,000
D. ₦24,000
Correct Answer
A
Correct Option:
₦18,000

About This Question

This is Post Utme Igbinedion University 2021 Accounting Question 26. It is one of the objective questions from the 2021 Post Utme Igbinedion University Accounting examination.

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