Post Utme Pan Atlantic University 2022 Accounting Question 37

Practice objective / multiple choice question 37 from the 2022 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2022 Accounting Objective / Multiple Choice
Question 37 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2022 • ACCOUNTING • objective

A partnership has two partners: John and Mary. John's capital is ₦500,000, and Mary's capital is ₦300,000. If the partnership's profit is ₦150,000, and John's share of the profit is ₦60,000, what is Mary's share of the profit?

Answer Options

A. ₦30,000
Correct Answer B. ₦40,000
C. ₦50,000
D. ₦60,000
Correct Answer
B
Correct Option:
₦40,000

About This Question

This is Post Utme Pan Atlantic University 2022 Accounting Question 37. It is one of the objective questions from the 2022 Post Utme Pan Atlantic University Accounting examination.

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