Post Utme Redeemers University 2019 Accounting Question 21

Practice objective / multiple choice question 21 from the 2019 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2019 Accounting Objective / Multiple Choice
Question 21 POST_UTME_REDEEMERS_UNIVERSITY • 2019 • ACCOUNTING • objective

A partnership is formed by three individuals, A, B, and C, who contribute ₦100,000, ₦150,000, and ₦200,000 respectively. The partnership agreement states that the profits will be shared in the ratio 2:3:4. If the partnership earns a profit of ₦500,000, what is the share of each partner?

Answer Options

A. ₦200,000
Correct Answer B. ₦300,000
C. ₦400,000
D. ₦500,000
Correct Answer
B
Correct Option:
₦300,000

About This Question

This is Post Utme Redeemers University 2019 Accounting Question 21. It is one of the objective questions from the 2019 Post Utme Redeemers University Accounting examination.

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