Post Utme Redeemers University 2021 Accounting Question 12

Practice objective / multiple choice question 12 from the 2021 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2021 Accounting Objective / Multiple Choice
Question 12 POST_UTME_REDEEMERS_UNIVERSITY • 2021 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital accounts of A and B are ₦100,000 and ₦80,000 respectively. If the profit for the year is ₦60,000, and the profit is divided in the ratio 3:2, how much will A receive as his share of the profit?

Answer Options

A. ₦36,000
B. ₦40,000
Correct Answer C. ₦48,000
D. ₦60,000
Correct Answer
C
Correct Option:
₦48,000

About This Question

This is Post Utme Redeemers University 2021 Accounting Question 12. It is one of the objective questions from the 2021 Post Utme Redeemers University Accounting examination.

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