Post Utme Unilorin 2020 Accounting Question 32

Practice objective / multiple choice question 32 from the 2020 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2020 Accounting Objective / Multiple Choice
Question 32 POST_UTME_UNILORIN • 2020 • ACCOUNTING • objective

A partnership consists of three partners: A, B, and C. The capital contributions of the partners are as follows: A = ₦100,000, B = ₦80,000, and C = ₦60,000. The profit-sharing ratio is 3:2:1. What is the amount of profit that partner A will receive?

Answer Options

A. ₦60,000
B. ₦80,000
Correct Answer C. ₦100,000
D. ₦120,000
Correct Answer
C
Correct Option:
₦100,000

About This Question

This is Post Utme Unilorin 2020 Accounting Question 32. It is one of the objective questions from the 2020 Post Utme Unilorin Accounting examination.

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