Post Utme Igbinedion University 2024 Accounting Question 22

Practice objective / multiple choice question 22 from the 2024 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2024 Accounting Objective / Multiple Choice
Question 22 POST_UTME_IGBINEDION_UNIVERSITY • 2024 • ACCOUNTING • objective

A partnership is formed between two partners, A and B, with a capital of ₦500,000 and ₦300,000 respectively. If the profit is divided in the ratio 3:2, what is the share of profit of partner A?

Answer Options

Correct Answer A. ₦450,000
B. ₦500,000
C. ₦550,000
D. ₦600,000
Correct Answer
A
Correct Option:
₦450,000

About This Question

This is Post Utme Igbinedion University 2024 Accounting Question 22. It is one of the objective questions from the 2024 Post Utme Igbinedion University Accounting examination.

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