Post Utme Ui 2019 Accounting Question 6

Practice objective / multiple choice question 6 from the 2019 Post Utme Ui Accounting examination.

Post Utme Ui 2019 Accounting Objective / Multiple Choice
Question 6 POST_UTME_UI • 2019 • ACCOUNTING • objective

A partnership is formed between two individuals, A and B, with a capital of ₦500,000 each. The partnership agreement states that the profits will be shared in the ratio 3:2. If the total profit for the year is ₦750,000, calculate the amount of profit that will be shared by A.

Answer Options

Correct Answer A. ₦450,000
B. ₦400,000
C. ₦350,000
D. ₦300,000
Correct Answer
A
Correct Option:
₦450,000

About This Question

This is Post Utme Ui 2019 Accounting Question 6. It is one of the objective questions from the 2019 Post Utme Ui 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