Post Utme Unilorin 2025 Accounting Question 7

Practice objective / multiple choice question 7 from the 2025 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2025 Accounting Objective / Multiple Choice
Question 7 POST_UTME_UNILORIN • 2025 • ACCOUNTING • objective

A partnership is formed by three individuals: John, Mary, and David. John contributes ₦500,000, Mary contributes ₦300,000, and David contributes ₦200,000. The partnership agreement states that the profits will be divided in the ratio 3:2:1. Calculate the share of profit for each partner.

Answer Options

Correct Answer A. John: ₦150,000, Mary: ₦100,000, David: ₦50,000
B. John: ₦120,000, Mary: ₦80,000, David: ₦40,000
C. John: ₦180,000, Mary: ₦120,000, David: ₦60,000
D. John: ₦160,000, Mary: ₦110,000, David: ₦50,000
Correct Answer
A
Correct Option:
John: ₦150,000, Mary: ₦100,000, David: ₦50,000

About This Question

This is Post Utme Unilorin 2025 Accounting Question 7. It is one of the objective questions from the 2025 Post Utme Unilorin Accounting examination.

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