Post Utme Skyline University 2018 Accounting Question 22

Practice objective / multiple choice question 22 from the 2018 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2018 Accounting Objective / Multiple Choice
Question 22 POST_UTME_SKYLINE_UNIVERSITY • 2018 • ACCOUNTING • objective

A partnership consists of three partners, A, B, and C. The capital contributions of the partners are as follows: A ₦100,000, B ₦80,000, and C ₦120,000. If the profit is divided in the ratio 2:3:4, what is the share of profit for partner A?

Answer Options

Correct Answer A. ₦20,000
B. ₦24,000
C. ₦28,000
D. ₦32,000
Correct Answer
A
Correct Option:
₦20,000

About This Question

This is Post Utme Skyline University 2018 Accounting Question 22. It is one of the objective questions from the 2018 Post Utme Skyline University Accounting examination.

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