Post Utme Wellspring University 2023 Accounting Question 18

Practice objective / multiple choice question 18 from the 2023 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2023 Accounting Objective / Multiple Choice
Question 18 POST_UTME_WELLSPRING_UNIVERSITY • 2023 • ACCOUNTING • objective

A company has two partners, A and B, who share profits and losses in the ratio 3:2. The company's profit for the year is ₦120,000. What is the share of profit for partner A?

Answer Options

A. ₦60,000
Correct Answer B. ₦80,000
C. ₦100,000
D. ₦120,000
Correct Answer
B
Correct Option:
₦80,000

About This Question

This is Post Utme Wellspring University 2023 Accounting Question 18. It is one of the objective questions from the 2023 Post Utme Wellspring University Accounting examination.

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