Post Utme Veritas University 2021 Accounting Question 37

Practice objective / multiple choice question 37 from the 2021 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2021 Accounting Objective / Multiple Choice
Question 37 POST_UTME_VERITAS_UNIVERSITY • 2021 • ACCOUNTING • objective

A partnership agreement between John, Mary, and David states that the profits and losses will be shared in the ratio 3:2:1. If the profit for the year ended December 31, 2020, is ₦1,500,000, calculate the amount of profit that will be shared by David.

Answer Options

Correct Answer A. ₦300,000
B. ₦450,000
C. ₦600,000
D. ₦750,000
Correct Answer
A
Correct Option:
₦300,000

About This Question

This is Post Utme Veritas University 2021 Accounting Question 37. It is one of the objective questions from the 2021 Post Utme Veritas University Accounting examination.

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