Post Utme Pan Atlantic University 2024 Accounting Question 22

Practice objective / multiple choice question 22 from the 2024 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2024 Accounting Objective / Multiple Choice
Question 22 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2024 • ACCOUNTING • objective

A partnership has 3 partners, A, B, and C. The capital accounts of A, B, and C are ₦100,000, ₦150,000, and ₦200,000 respectively. The profit sharing ratio is 2:3:4. Calculate the profit to be shared by each partner.

Answer Options

A. ₦20,000
B. ₦30,000
Correct Answer C. ₦40,000
D. ₦50,000
Correct Answer
C
Correct Option:
₦40,000

About This Question

This is Post Utme Pan Atlantic University 2024 Accounting Question 22. It is one of the objective questions from the 2024 Post Utme Pan Atlantic University Accounting examination.

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