Post Utme Ims U 2019 Accounting Question 26

Practice objective / multiple choice question 26 from the 2019 Post Utme Ims U Accounting examination.

Post Utme Ims U 2019 Accounting Objective / Multiple Choice
Question 26 POST_UTME_IMS_U • 2019 • ACCOUNTING • objective

A partnership is formed between two individuals, Olamide and Tobiloba, with a capital contribution of ₦500,000 and ₦300,000 respectively. If the profit-sharing ratio is 3:2, what is the total profit earned by Olamide and Tobiloba respectively?

Answer Options

A. ₦1,200,000
Correct Answer B. ₦1,500,000
C. ₦1,800,000
D. ₦2,100,000
Correct Answer
B
Correct Option:
₦1,500,000

About This Question

This is Post Utme Ims U 2019 Accounting Question 26. It is one of the objective questions from the 2019 Post Utme Ims U Accounting examination.

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