Post Utme Ui 2024 Accounting Question 38

Practice objective / multiple choice question 38 from the 2024 Post Utme Ui Accounting examination.

Post Utme Ui 2024 Accounting Objective / Multiple Choice
Question 38 POST_UTME_UI • 2024 • ACCOUNTING • objective

In a partnership with a 3:5:7 ratio, the total profit is ₦1,500,000. If the profit sharing ratio is changed to 2:3:5, what is the new profit of the partner with the original 7% share?

Answer Options

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

About This Question

This is Post Utme Ui 2024 Accounting Question 38. It is one of the objective questions from the 2024 Post Utme Ui Accounting examination.

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