Post Utme Summit University 2021 Accounting Question 18

Practice objective / multiple choice question 18 from the 2021 Post Utme Summit University Accounting examination.

Post Utme Summit University 2021 Accounting Objective / Multiple Choice
Question 18 POST_UTME_SUMMIT_UNIVERSITY • 2021 • ACCOUNTING • objective

A partnership is formed between two individuals, John and Mary. They agree to share profits and losses in the ratio 3:2. If the total profit for the year is ₦150,000, how much will John receive?

Answer Options

Correct Answer A. ₦90,000
B. ₦100,000
C. ₦110,000
D. ₦120,000
Correct Answer
A
Correct Option:
₦90,000

About This Question

This is Post Utme Summit University 2021 Accounting Question 18. It is one of the objective questions from the 2021 Post Utme Summit University Accounting examination.

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