Post Utme Wellspring University 2017 Accounting Question 27

Practice objective / multiple choice question 27 from the 2017 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2017 Accounting Objective / Multiple Choice
Question 27 POST_UTME_WELLSPRING_UNIVERSITY • 2017 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital contributions of A and B are ₦50,000 and ₦30,000 respectively. The profit-sharing ratio is 3:2. Calculate the profit to be shared by A.

Answer Options

Correct Answer A. ₦45,000
B. ₦50,000
C. ₦55,000
D. ₦60,000
Correct Answer
A
Correct Option:
₦45,000

About This Question

This is Post Utme Wellspring University 2017 Accounting Question 27. It is one of the objective questions from the 2017 Post Utme Wellspring University Accounting examination.

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