Post Utme Pan Atlantic University 2019 Accounting Question 32

Practice objective / multiple choice question 32 from the 2019 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2019 Accounting Objective / Multiple Choice
Question 32 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2019 • ACCOUNTING • objective

A partnership is formed between two individuals, A and B, with a capital contribution of ₦50,000 each. The partnership agreement states that the profits and losses will be shared in the ratio 3:2. If the partnership makes a profit of ₦20,000, how much will A receive?

Answer Options

Correct Answer A. ₦12,000
B. ₦15,000
C. ₦18,000
D. ₦20,000
Correct Answer
A
Correct Option:
₦12,000

About This Question

This is Post Utme Pan Atlantic University 2019 Accounting Question 32. It is one of the objective questions from the 2019 Post Utme Pan Atlantic University Accounting examination.

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