Post Utme Unilorin 2021 Accounting Question 18

Practice objective / multiple choice question 18 from the 2021 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2021 Accounting Objective / Multiple Choice
Question 18 POST_UTME_UNILORIN • 2021 • ACCOUNTING • objective

A company has two partners, A and B, who share profits and losses in the ratio 3:2. The company's profit for the year is ₦120,000. Calculate the amount of profit to be distributed to each partner.

Answer Options

A. ₦60,000, ₦60,000
Correct Answer B. ₦90,000, ₦30,000
C. ₦80,000, ₦40,000
D. ₦70,000, ₦50,000
Correct Answer
B
Correct Option:
₦90,000, ₦30,000

About This Question

This is Post Utme Unilorin 2021 Accounting Question 18. It is one of the objective questions from the 2021 Post Utme Unilorin 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