Post Utme Mountain Top University 2019 Accounting Question 22

Practice objective / multiple choice question 22 from the 2019 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2019 Accounting Objective / Multiple Choice
Question 22 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2019 • ACCOUNTING • objective

A partnership has 3 partners, A, B, and C, with capital contributions of ₦100,000, ₦80,000, and ₦60,000 respectively. The profit-sharing ratio is 3:2:1. Calculate the total profit and the share of each partner.

Answer Options

A. ₦180,000
Correct Answer B. ₦200,000
C. ₦220,000
D. ₦240,000
Correct Answer
B
Correct Option:
₦200,000

About This Question

This is Post Utme Mountain Top University 2019 Accounting Question 22. It is one of the objective questions from the 2019 Post Utme Mountain Top University Accounting examination.

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