Post Utme Madonna University 2020 Accounting Question 21

Practice objective / multiple choice question 21 from the 2020 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2020 Accounting Objective / Multiple Choice
Question 21 POST_UTME_MADONNA_UNIVERSITY • 2020 • ACCOUNTING • objective

The partners of XYZ Partnership have decided to share profits in the ratio 3:5:7. If the total profit for the year is ₦1,500,000, calculate the share of each partner.

Answer Options

A. ₦225,000
Correct Answer B. ₦375,000
C. ₦525,000
D. ₦675,000
Correct Answer
B
Correct Option:
₦375,000

About This Question

This is Post Utme Madonna University 2020 Accounting Question 21. It is one of the objective questions from the 2020 Post Utme Madonna University Accounting examination.

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