Post Utme Madonna University 2020 Accounting Question 39

Practice objective / multiple choice question 39 from the 2020 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2020 Accounting Objective / Multiple Choice
Question 39 POST_UTME_MADONNA_UNIVERSITY • 2020 • ACCOUNTING • objective

A company has two partners, A and B, who share profits in the ratio 3:2. The company's profit for the year is ₦120,000. How much profit will each partner receive?

Answer Options

Correct Answer A. ₦60,000
B. ₦80,000
C. ₦40,000
D. ₦100,000
Correct Answer
A
Correct Option:
₦60,000

About This Question

This is Post Utme Madonna University 2020 Accounting Question 39. It is one of the objective questions from the 2020 Post Utme Madonna University Accounting examination.

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