Post Utme Lautech 2023 Accounting Question 37

Practice objective / multiple choice question 37 from the 2023 Post Utme Lautech Accounting examination.

Post Utme Lautech 2023 Accounting Objective / Multiple Choice
Question 37 POST_UTME_LAUTECH • 2023 • ACCOUNTING • objective

A partnership is formed between two individuals, A and B, with initial capital contributions of ₦100,000 and ₦150,000, respectively. After one year, the profits are divided in the ratio 2:3. If A's share of the profit is ₦60,000, what is B's share?

Answer Options

Correct Answer A. ₦90,000
B. ₦80,000
C. ₦70,000
D. ₦60,000
Correct Answer
A
Correct Option:
₦90,000

About This Question

This is Post Utme Lautech 2023 Accounting Question 37. It is one of the objective questions from the 2023 Post Utme Lautech Accounting examination.

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