Post Utme Madonna University 2023 Accounting Question 17

Practice objective / multiple choice question 17 from the 2023 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2023 Accounting Objective / Multiple Choice
Question 17 POST_UTME_MADONNA_UNIVERSITY • 2023 • ACCOUNTING • objective

A partnership has two partners, A and B. The partnership agreement states that profits and losses are to be shared in the ratio 3:2. If the net profit for the year is ₦120,000, how much will partner A receive?

Answer Options

Correct Answer A. ₦90,000
B. ₦60,000
C. ₦72,000
D. ₦108,000
Correct Answer
A
Correct Option:
₦90,000

About This Question

This is Post Utme Madonna University 2023 Accounting Question 17. It is one of the objective questions from the 2023 Post Utme Madonna University Accounting examination.

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