Post Utme Wellspring University 2022 Accounting Question 1

Practice objective / multiple choice question 1 from the 2022 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2022 Accounting Objective / Multiple Choice
Question 1 POST_UTME_WELLSPRING_UNIVERSITY • 2022 • ACCOUNTING • objective

A partnership is formed between two individuals, A and B, with a capital of ₦1,000,000. The profit-sharing ratio is 3:2. If the profit for the year is ₦500,000, calculate the amount of profit that will be shared by A.

Answer Options

Correct Answer A. ₦300,000
B. ₦200,000
C. ₦250,000
D. ₦350,000
Correct Answer
A
Correct Option:
₦300,000

About This Question

This is Post Utme Wellspring University 2022 Accounting Question 1. It is one of the objective questions from the 2022 Post Utme Wellspring University Accounting examination.

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