Post Utme Redeemers University 2024 Accounting Question 26

Practice objective / multiple choice question 26 from the 2024 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2024 Accounting Objective / Multiple Choice
Question 26 POST_UTME_REDEEMERS_UNIVERSITY • 2024 • ACCOUNTING • objective

A partnership consisting of three members, A, B, and C, has a capital of ₦1,500,000. Their profit-sharing ratio is 3:5:7. If the profit for the year is ₦750,000, calculate the amount of profit that will be shared by member C.

Answer Options

A. ₦157,500
B. ₦175,000
Correct Answer C. ₦187,500
D. ₦200,000
Correct Answer
C
Correct Option:
₦187,500

About This Question

This is Post Utme Redeemers University 2024 Accounting Question 26. It is one of the objective questions from the 2024 Post Utme Redeemers University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support