Post Utme Igbinedion University 2023 Accounting Question 6

Practice objective / multiple choice question 6 from the 2023 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2023 Accounting Objective / Multiple Choice
Question 6 POST_UTME_IGBINEDION_UNIVERSITY • 2023 • ACCOUNTING • objective

A partnership is formed between two individuals, A and B, with a capital of ₦500,000 each. After one year, the profit is shared in the ratio 3:2. If A's share of the profit is ₦150,000, what is the value of B's share?

Answer Options

A. ₦100,000
Correct Answer B. ₦120,000
C. ₦150,000
D. ₦180,000
Correct Answer
B
Correct Option:
₦120,000

About This Question

This is Post Utme Igbinedion University 2023 Accounting Question 6. It is one of the objective questions from the 2023 Post Utme Igbinedion University Accounting examination.

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