Post Utme Rhema University 2024 Accounting Question 23

Practice objective / multiple choice question 23 from the 2024 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2024 Accounting Objective / Multiple Choice
Question 23 POST_UTME_RHEMA_UNIVERSITY • 2024 • ACCOUNTING • objective

A company has two partners, A and B, who share profits in the ratio 3:2. The company's profit for the year is ₦1,500,000. Calculate the amount of profit that will be distributed to partner A.

Answer Options

Correct Answer A. ₦1,350,000
B. ₦1,200,000
C. ₦1,500,000
D. ₦1,800,000
Correct Answer
A
Correct Option:
₦1,350,000

About This Question

This is Post Utme Rhema University 2024 Accounting Question 23. It is one of the objective questions from the 2024 Post Utme Rhema 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