Post Utme Mountain Top University 2023 Accounting Question 12

Practice objective / multiple choice question 12 from the 2023 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2023 Accounting Objective / Multiple Choice
Question 12 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2023 • ACCOUNTING • objective

A partnership is formed by three individuals, A, B, and C, who contribute ₦100,000, ₦150,000, and ₦200,000 respectively. The partnership agreement states that the profits will be shared in the ratio 2:3:4. If the partnership earns a profit of ₦500,000, how much will A receive?

Answer Options

Correct Answer A. ₦100,000
B. ₦150,000
C. ₦200,000
D. ₦250,000
Correct Answer
A
Correct Option:
₦100,000

About This Question

This is Post Utme Mountain Top University 2023 Accounting Question 12. It is one of the objective questions from the 2023 Post Utme Mountain Top University Accounting examination.

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