Post Utme Joseph Ayo Babalola University 2022 Accounting Question 37

Practice objective / multiple choice question 37 from the 2022 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2022 Accounting Objective / Multiple Choice
Question 37 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2022 • ACCOUNTING • objective

A partnership has a capital of ₦500,000. The partners share profits and losses in the ratio 3:2. If the profit for the year is ₦150,000, how much will each partner receive?

Answer Options

A. ₦90,000
Correct Answer B. ₦100,000
C. ₦110,000
D. ₦120,000
Correct Answer
B
Correct Option:
₦100,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2022 Accounting Question 37. It is one of the objective questions from the 2022 Post Utme Joseph Ayo Babalola University Accounting examination.

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