Post Utme Oau 2023 Accounting Question 32

Practice objective / multiple choice question 32 from the 2023 Post Utme Oau Accounting examination.

Post Utme Oau 2023 Accounting Objective / Multiple Choice
Question 32 POST_UTME_OAU • 2023 • ACCOUNTING • objective

A partnership has two partners, A and B. The partnership agreement states that profits and losses are to be shared in the ratio 3:2. If the partnership makes a profit of ₦120,000, how much will each partner receive?

Answer Options

A. ₦60,000 and ₦40,000
B. ₦90,000 and ₦30,000
Correct Answer C. ₦72,000 and ₦48,000
D. ₦80,000 and ₦40,000
Correct Answer
C
Correct Option:
₦72,000 and ₦48,000

About This Question

This is Post Utme Oau 2023 Accounting Question 32. It is one of the objective questions from the 2023 Post Utme Oau 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