Post Utme Rhema University 2025 Accounting Question 15

Practice objective / multiple choice question 15 from the 2025 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2025 Accounting Objective / Multiple Choice
Question 15 POST_UTME_RHEMA_UNIVERSITY • 2025 • ACCOUNTING • objective

A partnership is formed between two partners, A and B, with a capital of ₦500,000 and ₦300,000 respectively. The profit is to be shared in the ratio 3:2. If the profit for the year is ₦200,000, calculate the share of profit of each partner.

Answer Options

A. ₦120,000
Correct Answer B. ₦150,000
C. ₦180,000
D. ₦200,000
Correct Answer
B
Correct Option:
₦150,000

About This Question

This is Post Utme Rhema University 2025 Accounting Question 15. It is one of the objective questions from the 2025 Post Utme Rhema University Accounting examination.

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