Post Utme Lead City University 2023 Accounting Question 7

Practice objective / multiple choice question 7 from the 2023 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2023 Accounting Objective / Multiple Choice
Question 7 POST_UTME_LEAD_CITY_UNIVERSITY • 2023 • ACCOUNTING • objective

A partnership is formed between two individuals, A and B, with a capital of ₦500,000 each. After one year, the profit is shared in the ratio 3:2. If the total profit is ₦200,000, how much does A receive?

Answer Options

Correct Answer A. ₦120,000
B. ₦150,000
C. ₦180,000
D. ₦200,000
Correct Answer
A
Correct Option:
₦120,000

About This Question

This is Post Utme Lead City University 2023 Accounting Question 7. It is one of the objective questions from the 2023 Post Utme Lead City University Accounting examination.

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