Post Utme Unilag 2025 Accounting Question 27

Practice objective / multiple choice question 27 from the 2025 Post Utme Unilag Accounting examination.

Post Utme Unilag 2025 Accounting Objective / Multiple Choice
Question 27 POST_UTME_UNILAG • 2025 • ACCOUNTING • objective

A partnership is dissolved when a partner retires. The remaining partners agree to pay the retiring partner ₦120,000 as a share of the profits. If the total profits for the year were ₦240,000, and the remaining partners' share of the profits was ₦180,000, what is the ratio of the retiring partner's share to the remaining partners' share?

Answer Options

A. 1:1
Correct Answer B. 1:2
C. 2:1
D. 3:1
Correct Answer
B
Correct Option:
1:2

About This Question

This is Post Utme Unilag 2025 Accounting Question 27. It is one of the objective questions from the 2025 Post Utme Unilag Accounting examination.

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