Post Utme Summit University 2017 Accounting Question 35

Practice objective / multiple choice question 35 from the 2017 Post Utme Summit University Accounting examination.

Post Utme Summit University 2017 Accounting Objective / Multiple Choice
Question 35 POST_UTME_SUMMIT_UNIVERSITY • 2017 • ACCOUNTING • objective

A partnership has the following capital accounts: A ₦100,000, B ₦150,000, C ₦50,000. The profit sharing ratio is 2:3:1. What is the share of profit of partner A?

Answer Options

A. ₦40,000
Correct Answer B. ₦50,000
C. ₦60,000
D. ₦70,000
Correct Answer
B
Correct Option:
₦50,000

About This Question

This is Post Utme Summit University 2017 Accounting Question 35. It is one of the objective questions from the 2017 Post Utme Summit University Accounting examination.

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