Post Utme Wellspring University 2023 Accounting Question 12

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

Post Utme Wellspring University 2023 Accounting Objective / Multiple Choice
Question 12 POST_UTME_WELLSPRING_UNIVERSITY • 2023 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital accounts of A and B are ₦200,000 and ₦300,000, respectively. If the profit-sharing ratio is 2:3, what is the total profit for the year?

Answer Options

A. ₦100,000
B. ₦120,000
Correct Answer C. ₦150,000
D. ₦180,000
Correct Answer
C
Correct Option:
₦150,000

About This Question

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

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