Post Utme Noun 2023 Accounting Question 1

Practice objective / multiple choice question 1 from the 2023 Post Utme Noun Accounting examination.

Post Utme Noun 2023 Accounting Objective / Multiple Choice
Question 1 POST_UTME_NOUN • 2023 • ACCOUNTING • objective

A partnership is formed between two individuals, A and B, with a capital contribution of ₦500,000 and ₦300,000 respectively. If the profit-sharing ratio is 3:2, what is the total profit for the year?

Answer Options

A. ₦150,000
B. ₦200,000
Correct Answer C. ₦250,000
D. ₦300,000
Correct Answer
C
Correct Option:
₦250,000

About This Question

This is Post Utme Noun 2023 Accounting Question 1. It is one of the objective questions from the 2023 Post Utme Noun Accounting examination.

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