Post Utme Igbinedion University 2024 Accounting Question 26

Practice objective / multiple choice question 26 from the 2024 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2024 Accounting Objective / Multiple Choice
Question 26 POST_UTME_IGBINEDION_UNIVERSITY • 2024 • ACCOUNTING • objective

A partnership is formed between two individuals, Ade and Bola, with a capital of ₦500,000 each. After one year, the profits are shared in the ratio 3:2. If Ade's share of the profit is ₦120,000, what is the total profit for the year?

Answer Options

A. ₦180,000
B. ₦200,000
C. ₦220,000
Correct Answer D. ₦240,000
Correct Answer
D
Correct Option:
₦240,000

About This Question

This is Post Utme Igbinedion University 2024 Accounting Question 26. It is one of the objective questions from the 2024 Post Utme Igbinedion University Accounting examination.

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