Post Utme Pan Atlantic University 2020 Accounting Question 26

Practice objective / multiple choice question 26 from the 2020 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2020 Accounting Objective / Multiple Choice
Question 26 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2020 • ACCOUNTING • objective

A partnership is formed between two partners, A and B, with a capital of ₦200,000 and ₦300,000 respectively. If the profit is shared in the ratio 2:3, what is the share of profit of partner A?

Answer Options

Correct Answer A. ₦400,000
B. ₦600,000
C. ₦800,000
D. ₦1,000,000
Correct Answer
A
Correct Option:
₦400,000

About This Question

This is Post Utme Pan Atlantic University 2020 Accounting Question 26. It is one of the objective questions from the 2020 Post Utme Pan Atlantic University Accounting examination.

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