Post Utme Ims U 2020 Accounting Question 42

Practice objective / multiple choice question 42 from the 2020 Post Utme Ims U Accounting examination.

Post Utme Ims U 2020 Accounting Objective / Multiple Choice
Question 42 POST_UTME_IMS_U • 2020 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital of A is ₦60,000 and that of B is ₦40,000. The profit-sharing ratio is 5:3. Calculate the profit to be shared by A.

Answer Options

Correct Answer A. ₦22,500
B. ₦25,000
C. ₦27,500
D. ₦30,000
Correct Answer
A
Correct Option:
₦22,500

About This Question

This is Post Utme Ims U 2020 Accounting Question 42. It is one of the objective questions from the 2020 Post Utme Ims U Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support