Post Utme Ims U 2021 Accounting Question 23

Practice objective / multiple choice question 23 from the 2021 Post Utme Ims U Accounting examination.

Post Utme Ims U 2021 Accounting Objective / Multiple Choice
Question 23 POST_UTME_IMS_U • 2021 • ACCOUNTING • objective

A partnership has two partners, A and B, who share profits and losses in the ratio 3:2. If the partnership's net profit for the year is ₦200,000, how much will partner A receive as their share of the profit?

Answer Options

Correct Answer A. ₦150,000
B. ₦160,000
C. ₦170,000
D. ₦180,000
Correct Answer
A
Correct Option:
₦150,000

About This Question

This is Post Utme Ims U 2021 Accounting Question 23. It is one of the objective questions from the 2021 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