Post Utme Ims U 2019 Accounting Question 36

Practice objective / multiple choice question 36 from the 2019 Post Utme Ims U Accounting examination.

Post Utme Ims U 2019 Accounting Objective / Multiple Choice
Question 36 POST_UTME_IMS_U • 2019 • ACCOUNTING • objective

A partnership firm has two partners, A and B, who share profits in the ratio 3:2. The firm's profit for the year ended 31st December 2022 was ₦1,500,000. If A's drawings for the year were ₦150,000, calculate A's share of the profit.

Answer Options

Correct Answer A. ₦450,000
B. ₦600,000
C. ₦675,000
D. ₦825,000
Correct Answer
A
Correct Option:
₦450,000

About This Question

This is Post Utme Ims U 2019 Accounting Question 36. It is one of the objective questions from the 2019 Post Utme Ims U Accounting examination.

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