Post Utme Summit University 2021 Accounting Question 6

Practice objective / multiple choice question 6 from the 2021 Post Utme Summit University Accounting examination.

Post Utme Summit University 2021 Accounting Objective / Multiple Choice
Question 6 POST_UTME_SUMMIT_UNIVERSITY • 2021 • ACCOUNTING • objective

The partners in a firm, A, B, and C, share profits and losses in the ratio 5:3:2. If the total profit for the year is ₦120,000, determine the amount of profit that will be distributed to partner C.

Answer Options

A. ₦18,000
B. ₦24,000
Correct Answer C. ₦30,000
D. ₦36,000
Correct Answer
C
Correct Option:
₦30,000

About This Question

This is Post Utme Summit University 2021 Accounting Question 6. It is one of the objective questions from the 2021 Post Utme Summit University Accounting examination.

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