Post Utme Lead City University 2018 Accounting Question 24

Practice objective / multiple choice question 24 from the 2018 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2018 Accounting Objective / Multiple Choice
Question 24 POST_UTME_LEAD_CITY_UNIVERSITY • 2018 • ACCOUNTING • objective

A partnership has a capital of ₦500,000 divided into 5,000 shares of ₦100 each. If two partners, A and B, share the profits and losses in the ratio 3:2, what is the share of profit of partner A?

Answer Options

Correct Answer A. ₦225,000
B. ₦250,000
C. ₦275,000
D. ₦300,000
Correct Answer
A
Correct Option:
₦225,000

About This Question

This is Post Utme Lead City University 2018 Accounting Question 24. It is one of the objective questions from the 2018 Post Utme Lead City University Accounting examination.

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