Post Utme Osustech 2020 Accounting Question 25

Practice objective / multiple choice question 25 from the 2020 Post Utme Osustech Accounting examination.

Post Utme Osustech 2020 Accounting Objective / Multiple Choice
Question 25 POST_UTME_OSUSTECH • 2020 • ACCOUNTING • objective

The partners in a firm share profits and losses in the ratio of 5:3:2. If the total profit for the year is ₦120,000, calculate the amount of profit that will be shared by each partner.

Answer Options

A. ₦20,000
Correct Answer B. ₦30,000
C. ₦40,000
D. ₦50,000
Correct Answer
B
Correct Option:
₦30,000

About This Question

This is Post Utme Osustech 2020 Accounting Question 25. It is one of the objective questions from the 2020 Post Utme Osustech 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