Post Utme Nile University 2023 Accounting Question 31

Practice objective / multiple choice question 31 from the 2023 Post Utme Nile University Accounting examination.

Post Utme Nile University 2023 Accounting Objective / Multiple Choice
Question 31 POST_UTME_NILE_UNIVERSITY • 2023 • ACCOUNTING • objective

A partnership is formed between two individuals, A and B, with a capital of ₦1,000,000 each. The partnership agreement states that the profits will be shared in the ratio 3:2. If the profit for the year is ₦500,000, how much will A receive?

Answer Options

Correct Answer A. ₦450,000
B. ₦300,000
C. ₦250,000
D. ₦200,000
Correct Answer
A
Correct Option:
₦450,000

About This Question

This is Post Utme Nile University 2023 Accounting Question 31. It is one of the objective questions from the 2023 Post Utme Nile University Accounting examination.

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