Post Utme Uniosun 2017 Accounting Question 11

Practice objective / multiple choice question 11 from the 2017 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2017 Accounting Objective / Multiple Choice
Question 11 POST_UTME_UNIOSUN • 2017 • ACCOUNTING • objective

A partnership is formed between two individuals, A and B, with a capital of ₦100,000 each. After one year, the profit is ₦50,000. The profit is divided in the ratio of 2:3. Calculate the amount of profit that will be distributed to 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 Uniosun 2017 Accounting Question 11. It is one of the objective questions from the 2017 Post Utme Uniosun 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