Post Utme Mountain Top University 2020 Accounting Question 27

Practice objective / multiple choice question 27 from the 2020 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2020 Accounting Objective / Multiple Choice
Question 27 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2020 • ACCOUNTING • objective

A firm has two partners, A and B. The profit-sharing ratio is 3:2. If the total profit for the year is ₦150,000, calculate the amount of profit that will be shared by partner A.

Answer Options

A. ₦90,000
B. ₦100,000
Correct Answer C. ₦110,000
D. ₦120,000
Correct Answer
C
Correct Option:
₦110,000

About This Question

This is Post Utme Mountain Top University 2020 Accounting Question 27. It is one of the objective questions from the 2020 Post Utme Mountain Top University Accounting examination.

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