Post Utme Lasu 2017 Accounting Question 6

Practice objective / multiple choice question 6 from the 2017 Post Utme Lasu Accounting examination.

Post Utme Lasu 2017 Accounting Objective / Multiple Choice
Question 6 POST_UTME_LASU • 2017 • ACCOUNTING • objective

A company has two partners, A and B, who share profits in the ratio 3:2. Their capital contributions are ₦60,000 and ₦40,000 respectively. If the company makes a profit of ₦120,000, how much will each partner receive?

Answer Options

Correct Answer A. ₦90,000
B. ₦80,000
C. ₦60,000
D. ₦40,000
Correct Answer
A
Correct Option:
₦90,000

About This Question

This is Post Utme Lasu 2017 Accounting Question 6. It is one of the objective questions from the 2017 Post Utme Lasu Accounting examination.

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