Post Utme Igbinedion University 2021 Accounting Question 29

Practice objective / multiple choice question 29 from the 2021 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2021 Accounting Objective / Multiple Choice
Question 29 POST_UTME_IGBINEDION_UNIVERSITY • 2021 • ACCOUNTING • objective

A partnership has three partners, A, B, and C. Partner A invested ₦60,000, Partner B invested ₦40,000, and Partner C invested ₦20,000. If the profit is shared in the ratio 4:3:2, what is the amount of profit shared by Partner A?

Answer Options

Correct Answer A. ₦24,000
B. ₦28,000
C. ₦32,000
D. ₦36,000
Correct Answer
A
Correct Option:
₦24,000

About This Question

This is Post Utme Igbinedion University 2021 Accounting Question 29. It is one of the objective questions from the 2021 Post Utme Igbinedion University Accounting examination.

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