Post Utme Pan Atlantic University 2019 Accounting Question 22

Practice objective / multiple choice question 22 from the 2019 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2019 Accounting Objective / Multiple Choice
Question 22 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2019 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital accounts of A and B are ₦0,000 and ₦0,500 respectively. The profit sharing ratio is 3:2. Calculate the profit to be shared by A.

Answer Options

Correct Answer A. ₦0,300
B. ₦0,400
C. ₦0,500
D. ₦0,600
Correct Answer
A
Correct Option:
₦0,300

About This Question

This is Post Utme Pan Atlantic University 2019 Accounting Question 22. It is one of the objective questions from the 2019 Post Utme Pan Atlantic University 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