Post Utme Lasu 2022 Accounting Question 8

Practice objective / multiple choice question 8 from the 2022 Post Utme Lasu Accounting examination.

Post Utme Lasu 2022 Accounting Objective / Multiple Choice
Question 8 POST_UTME_LASU • 2022 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital account of A is ₦50,000 and that of B is ₦30,000. The profit-sharing ratio is 3:2. What is the total amount of profit to be shared?

Answer Options

A. ₦80,000
B. ₦90,000
Correct Answer C. ₦100,000
D. ₦110,000
Correct Answer
C
Correct Option:
₦100,000

About This Question

This is Post Utme Lasu 2022 Accounting Question 8. It is one of the objective questions from the 2022 Post Utme Lasu Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support