Post Utme Veritas University 2023 Accounting Question 15

Practice objective / multiple choice question 15 from the 2023 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2023 Accounting Objective / Multiple Choice

Question 15 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 loss 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 15. It is one of the objective questions from the 2023 Post Utme Veritas University Accounting examination.

View More Post Utme Veritas University 2023 Accounting Questions More Post Utme Veritas University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support