Post Utme Mountain Top University 2017 Accounting Question 38

Practice objective / multiple choice question 38 from the 2017 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2017 Accounting Objective / Multiple Choice
Question 38 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2017 • ACCOUNTING • objective

A partnership is formed between two partners, A and B, with a capital of ₦100,000 and ₦80,000 respectively. The profit-sharing ratio is 3:2. Calculate the profit to be shared by partner A.

Answer Options

A. ₦60,000
Correct Answer B. ₦70,000
C. ₦80,000
D. ₦90,000
Correct Answer
B
Correct Option:
₦70,000

About This Question

This is Post Utme Mountain Top University 2017 Accounting Question 38. It is one of the objective questions from the 2017 Post Utme Mountain Top University Accounting examination.

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