Post Utme Veritas University 2017 Accounting Question 36

Practice objective / multiple choice question 36 from the 2017 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2017 Accounting Objective / Multiple Choice
Question 36 POST_UTME_VERITAS_UNIVERSITY • 2017 • ACCOUNTING • objective

A partnership is formed between two individuals, A and B, with a capital of ₦500,000 each. The partnership agreement states that the profits will be shared in the ratio 3:2. If the profit for the year is ₦200,000, calculate the amount of profit that will be shared by A.

Answer Options

Correct Answer A. ₦120,000
B. ₦150,000
C. ₦180,000
D. ₦200,000
Correct Answer
A
Correct Option:
₦120,000

About This Question

This is Post Utme Veritas University 2017 Accounting Question 36. It is one of the objective questions from the 2017 Post Utme Veritas University Accounting examination.

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