Post Utme Igbinedion University 2022 Accounting Question 7

Practice objective / multiple choice question 7 from the 2022 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2022 Accounting Objective / Multiple Choice
Question 7 POST_UTME_IGBINEDION_UNIVERSITY • 2022 • ACCOUNTING • objective

A partnership is formed by three partners, A, B, and C, who contribute ₦200,000, ₦300,000, and ₦400,000 respectively. The profit is to be shared in the ratio 2:3:4. Calculate the share of profit of partner A.

Answer Options

Correct Answer A. ₦160,000
B. ₦240,000
C. ₦320,000
D. ₦400,000
Correct Answer
A
Correct Option:
₦160,000

About This Question

This is Post Utme Igbinedion University 2022 Accounting Question 7. It is one of the objective questions from the 2022 Post Utme Igbinedion University Accounting examination.

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