Post Utme Lead City University 2021 Accounting Question 12

Practice objective / multiple choice question 12 from the 2021 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2021 Accounting Objective / Multiple Choice
Question 12 POST_UTME_LEAD_CITY_UNIVERSITY • 2021 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital contributions of A and B are ₦80,000 and ₦60,000 respectively. If the profit is shared in the ratio 3:2, what is the share of profit of partner A?

Answer Options

Correct Answer A. ₦36,000
B. ₦48,000
C. ₦60,000
D. ₦72,000
Correct Answer
A
Correct Option:
₦36,000

About This Question

This is Post Utme Lead City University 2021 Accounting Question 12. It is one of the objective questions from the 2021 Post Utme Lead City University Accounting examination.

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