Post Utme Ims U 2022 Accounting Question 7

Practice objective / multiple choice question 7 from the 2022 Post Utme Ims U Accounting examination.

Post Utme Ims U 2022 Accounting Objective / Multiple Choice
Question 7 POST_UTME_IMS_U • 2022 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital accounts of A and B are ₦ 50,000 and ₦ 30,000 respectively. The profit-sharing ratio is 3:2. Calculate the profit to be shared by A and B.

Answer Options

A. ₦ 18,000
B. ₦ 20,000
Correct Answer C. ₦ 22,000
D. ₦ 24,000
Correct Answer
C
Correct Option:
₦ 22,000

About This Question

This is Post Utme Ims U 2022 Accounting Question 7. It is one of the objective questions from the 2022 Post Utme Ims U Accounting examination.

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