Post Utme Veritas University 2021 Accounting Question 33

Practice objective / multiple choice question 33 from the 2021 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2021 Accounting Objective / Multiple Choice
Question 33 POST_UTME_VERITAS_UNIVERSITY • 2021 • ACCOUNTING • objective

A partnership has two partners, A and B, with capital contributions of ₦50,000 and ₦30,000 respectively. If the profit is shared in the ratio 2:1, what is the share of profit for partner A?

Answer Options

Correct Answer A. ₦80,000
B. ₦60,000
C. ₦40,000
D. ₦20,000
Correct Answer
A
Correct Option:
₦80,000

About This Question

This is Post Utme Veritas University 2021 Accounting Question 33. It is one of the objective questions from the 2021 Post Utme Veritas University Accounting examination.

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