Post Utme Pan Atlantic University 2024 Accounting Question 16

Practice objective / multiple choice question 16 from the 2024 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2024 Accounting Objective / Multiple Choice
Question 16 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2024 • ACCOUNTING • objective

A partnership is formed between two individuals, A and B, with a capital of ₦500,000 each. The partnership agreement states that the profits will be shared in the ratio 3:2. If the net profit for the year is ₦750,000, calculate the amount of profit that will be shared by A.

Answer Options

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

About This Question

This is Post Utme Pan Atlantic University 2024 Accounting Question 16. It is one of the objective questions from the 2024 Post Utme Pan Atlantic University Accounting examination.

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