Post Utme Joseph Ayo Babalola University 2017 Accounting Question 1

Practice objective / multiple choice question 1 from the 2017 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2017 Accounting Objective / Multiple Choice
Question 1 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2017 • ACCOUNTING • objective

In a partnership with a 2:3:5 capital ratio, the total capital invested is ₦150,000. If the profit is shared in the ratio 3:5:7, what is the amount of profit shared by the partner with a 5:7 ratio?

Answer Options

A. ₦15,000
Correct Answer B. ₦20,000
C. ₦25,000
D. ₦30,000
Correct Answer
B
Correct Option:
₦20,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2017 Accounting Question 1. It is one of the objective questions from the 2017 Post Utme Joseph Ayo Babalola University Accounting examination.

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