Post Utme Unilorin 2017 Accounting Question 2

Practice objective / multiple choice question 2 from the 2017 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2017 Accounting Objective / Multiple Choice
Question 2 POST_UTME_UNILORIN • 2017 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital contributions of A and B are ₦100,000 and ₦150,000 respectively. The profit sharing ratio is 2:3. What is the amount of profit that will be shared by partner A?

Answer Options

Correct Answer A. ₦20,000
B. ₦30,000
C. ₦40,000
D. ₦50,000
Correct Answer
A
Correct Option:
₦20,000

About This Question

This is Post Utme Unilorin 2017 Accounting Question 2. It is one of the objective questions from the 2017 Post Utme Unilorin Accounting examination.

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