Post Utme Uniben 2020 Accounting Question 36

Practice objective / multiple choice question 36 from the 2020 Post Utme Uniben Accounting examination.

Post Utme Uniben 2020 Accounting Objective / Multiple Choice
Question 36 POST_UTME_UNIBEN • 2020 • ACCOUNTING • objective

A partnership of three partners, A, B, and C, has a capital of ₦1,500,000. The profit-sharing ratio is 3:2:1. If the profit for the year ended 31st December 2020 is ₦1,200,000, calculate the amount of profit that each partner will receive.

Answer Options

Correct Answer A. ₦450,000
B. ₦600,000
C. ₦900,000
D. ₦1,200,000
Correct Answer
A
Correct Option:
₦450,000

About This Question

This is Post Utme Uniben 2020 Accounting Question 36. It is one of the objective questions from the 2020 Post Utme Uniben Accounting examination.

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