Post Utme Joseph Ayo Babalola University 2021 Accounting Question 17

Practice objective / multiple choice question 17 from the 2021 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2021 Accounting Objective / Multiple Choice
Question 17 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2021 • ACCOUNTING • objective

A partnership is formed between two partners, A and B, who invest ₦50,000 and ₦30,000 respectively. The profit is divided in the ratio 2:1. If the profit for the year is ₦60,000, calculate the share of profit of partner A.

Answer Options

Correct Answer A. ₦20,000
B. ₦30,000
C. ₦40,000
D. ₦50,000
Correct Answer
A
Correct Option:
₦20,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2021 Accounting Question 17. It is one of the objective questions from the 2021 Post Utme Joseph Ayo Babalola University Accounting examination.

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