Post Utme Summit University 2017 Accounting Question 37

Practice objective / multiple choice question 37 from the 2017 Post Utme Summit University Accounting examination.

Post Utme Summit University 2017 Accounting Objective / Multiple Choice
Question 37 POST_UTME_SUMMIT_UNIVERSITY • 2017 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital accounts of A and B are ₦50,000 and ₦30,000 respectively. The profit-sharing ratio is 3:2. Calculate the profit to be shared by partner A.

Answer Options

Correct Answer A. ₦18,000
B. ₦20,000
C. ₦22,000
D. ₦24,000
Correct Answer
A
Correct Option:
₦18,000

About This Question

This is Post Utme Summit University 2017 Accounting Question 37. It is one of the objective questions from the 2017 Post Utme Summit 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