Post Utme Aaua 2019 Accounting Question 16

Practice objective / multiple choice question 16 from the 2019 Post Utme Aaua Accounting examination.

Post Utme Aaua 2019 Accounting Objective / Multiple Choice
Question 16 POST_UTME_AAUA • 2019 • ACCOUNTING • objective

A partnership is formed between two individuals, A and B, with a capital of ₦500,000 each. After 6 months, A withdraws ₦100,000 and B withdraws ₦50,000. The profit for the year is ₦200,000. Calculate the share of profit for A.

Answer Options

Correct Answer A. ₦80,000
B. ₦60,000
C. ₦40,000
D. ₦20,000
Correct Answer
A
Correct Option:
₦80,000

About This Question

This is Post Utme Aaua 2019 Accounting Question 16. It is one of the objective questions from the 2019 Post Utme Aaua Accounting examination.

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