Post Utme Uniport 2022 Accounting Question 16

Practice objective / multiple choice question 16 from the 2022 Post Utme Uniport Accounting examination.

Post Utme Uniport 2022 Accounting Objective / Multiple Choice
Question 16 POST_UTME_UNIPORT • 2022 • ACCOUNTING • objective

A partnership is formed between two individuals, A and B, with a capital of ₦500,000 each. After 2 years, the profit is shared in the ratio 3:2. If the total profit is ₦1,200,000, calculate the amount of profit shared by A.

Answer Options

Correct Answer A. ₦600,000
B. ₦400,000
C. ₦500,000
D. ₦700,000
Correct Answer
A
Correct Option:
₦600,000

About This Question

This is Post Utme Uniport 2022 Accounting Question 16. It is one of the objective questions from the 2022 Post Utme Uniport Accounting examination.

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