Post Utme Rhema University 2022 Accounting Question 1
Practice objective / multiple choice question 1 from the 2022 Post Utme Rhema University Accounting examination.
A partnership is formed by three individuals, A, B, and C, with initial capital contributions of ₦50,000, ₦30,000, and ₦20,000 respectively. After one year, the partnership makes a profit of ₦120,000. The profit is divided in the ratio of 3:2:1. Calculate the amount of profit shared by partner C.
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About This Question
This is Post Utme Rhema University 2022 Accounting Question 1. It is one of the objective questions from the 2022 Post Utme Rhema University Accounting examination.
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