Post Utme Veritas University 2023 Accounting Question 12

Practice objective / multiple choice question 12 from the 2023 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2023 Accounting Objective / Multiple Choice

Question 12 POST_UTME_VERITAS_UNIVERSITY • 2023 • ACCOUNTING • objective

A partnership has two partners, A and B. The partnership agreement states that profits and losses are to be shared in the ratio 3:2. If the partnership makes a profit of ₦120,000, how much will each partner receive?

Answer Options

Correct Answer A. Partner A: ₦90,000, Partner B: ₦30,000

B. Partner A: ₦60,000, Partner B: ₦60,000

C. Partner A: ₦90,000, Partner B: ₦30,000

D. Partner A: ₦60,000, Partner B: ₦60,000

Correct Answer

Correct Option:

Partner A: ₦90,000, Partner B: ₦30,000

About This Question

This is Post Utme Veritas University 2023 Accounting Question 12. It is one of the objective questions from the 2023 Post Utme Veritas University Accounting examination.

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