Post Utme Joseph Ayo Babalola University 2018 Accounting Question 18

Practice objective / multiple choice question 18 from the 2018 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2018 Accounting Objective / Multiple Choice
Question 18 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2018 • ACCOUNTING • objective

A partnership is formed between two individuals, X and Y, with a capital contribution of ₦100,000 and ₦80,000 respectively. After one year, the partnership makes a profit of ₦50,000. If X and Y share the profit in the ratio 3:2, how much will X receive?

Answer Options

A. ₦30,000
B. ₦40,000
Correct Answer C. ₦50,000
D. ₦60,000
Correct Answer
C
Correct Option:
₦50,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2018 Accounting Question 18. It is one of the objective questions from the 2018 Post Utme Joseph Ayo Babalola University Accounting examination.

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