Post Utme Wellspring University 2023 Accounting Question 35

Practice objective / multiple choice question 35 from the 2023 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2023 Accounting Objective / Multiple Choice
Question 35 POST_UTME_WELLSPRING_UNIVERSITY • 2023 • ACCOUNTING • objective

A partnership firm has two partners, A and B, who share profits in the ratio 3:2. The firm's profit for the year ended 31st December 2022 was ₦1,500,000. Calculate the amount of profit to be distributed to partner A.

Answer Options

Correct Answer A. ₦1,125,000
B. ₦1,200,000
C. ₦1,250,000
D. ₦1,300,000
Correct Answer
A
Correct Option:
₦1,125,000

About This Question

This is Post Utme Wellspring University 2023 Accounting Question 35. It is one of the objective questions from the 2023 Post Utme Wellspring University Accounting examination.

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