Post Utme Madonna University 2022 Accounting Question 6

Practice objective / multiple choice question 6 from the 2022 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2022 Accounting Objective / Multiple Choice
Question 6 POST_UTME_MADONNA_UNIVERSITY • 2022 • 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 ended 31st December 2022 was ₦1,500,000. If A's drawings for the year were ₦150,000, calculate A's share of the profit.

Answer Options

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

About This Question

This is Post Utme Madonna University 2022 Accounting Question 6. It is one of the objective questions from the 2022 Post Utme Madonna University Accounting examination.

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