Post Utme Osustech 2024 Accounting Question 16

Practice objective / multiple choice question 16 from the 2024 Post Utme Osustech Accounting examination.

Post Utme Osustech 2024 Accounting Objective / Multiple Choice
Question 16 POST_UTME_OSUSTECH • 2024 • ACCOUNTING • objective

A partnership is formed between two individuals, A and B, with a capital of ₦500,000 each. The profit-sharing ratio is 3:2. Calculate the total profit for the year, given that the net profit is ₦750,000.

Answer Options

A. ₦450,000
Correct Answer B. ₦525,000
C. ₦600,000
D. ₦675,000
Correct Answer
B
Correct Option:
₦525,000

About This Question

This is Post Utme Osustech 2024 Accounting Question 16. It is one of the objective questions from the 2024 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