Post Utme Mountain Top University 2024 Accounting Question 12

Practice objective / multiple choice question 12 from the 2024 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2024 Accounting Objective / Multiple Choice
Question 12 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2024 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital accounts of A and B are ₦100,000 and ₦80,000 respectively. If the profit-sharing ratio is 3:2, what is the total profit for the year?

Answer Options

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

About This Question

This is Post Utme Mountain Top University 2024 Accounting Question 12. It is one of the objective questions from the 2024 Post Utme Mountain Top University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support