Post Utme Unilag 2019 Accounting Question 14

Practice objective / multiple choice question 14 from the 2019 Post Utme Unilag Accounting examination.

Post Utme Unilag 2019 Accounting Objective / Multiple Choice
Question 14 POST_UTME_UNILAG • 2019 • ACCOUNTING • objective

A partnership agreement between two partners, A and B, is as follows: | Partner | Capital | Profit Sharing Ratio | | --- | --- | --- | | A | 50,000 | 3:2 | | B | 30,000 | | | If the profit for the year is ₦60,000, what is A's share of the profit?

Answer Options

A. ₦30,000
Correct Answer B. ₦36,000
C. ₦42,000
D. ₦48,000
Correct Answer
B
Correct Option:
₦36,000

About This Question

This is Post Utme Unilag 2019 Accounting Question 14. It is one of the objective questions from the 2019 Post Utme Unilag 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