Post Utme Joseph Ayo Babalola University 2018 Accounting Question 37

Practice objective / multiple choice question 37 from the 2018 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2018 Accounting Objective / Multiple Choice
Question 37 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2018 • ACCOUNTING • objective

A partnership business had a capital of ₦ 50,000, divided as follows: A 40%, B 30%, C 30%. The profits were shared in the ratio 3:5:7. Calculate the share of profit of each partner.

Answer Options

Correct Answer A. A: ₦ 6,000, B: ₦ 9,000, C: ₦ 12,000
B. A: ₦ 8,000, B: ₦ 12,000, C: ₦ 16,000
C. A: ₦ 10,000, B: ₦ 15,000, C: ₦ 20,000
D. A: ₦ 12,000, B: ₦ 18,000, C: ₦ 24,000
Correct Answer
A
Correct Option:
A: ₦ 6,000, B: ₦ 9,000, C: ₦ 12,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2018 Accounting Question 37. It is one of the objective questions from the 2018 Post Utme Joseph Ayo Babalola University Accounting examination.

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