Post Utme Lasu 2017 Accounting Question 40

Practice objective / multiple choice question 40 from the 2017 Post Utme Lasu Accounting examination.

Post Utme Lasu 2017 Accounting Objective / Multiple Choice
Question 40 POST_UTME_LASU • 2017 • ACCOUNTING • objective

A partnership has two partners, A and B. The partnership agreement states that profits and losses are to be shared in the ratio 3:2. The partnership's profit for the year ended 31st December 2022 is ₦500,000. Determine the amount of profit to be shared by partner A.

Answer Options

A. ₦300,000
Correct Answer B. ₦350,000
C. ₦400,000
D. ₦450,000
Correct Answer
B
Correct Option:
₦350,000

About This Question

This is Post Utme Lasu 2017 Accounting Question 40. It is one of the objective questions from the 2017 Post Utme Lasu Accounting examination.

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