Post Utme Aaua 2020 Accounting Question 37

Practice objective / multiple choice question 37 from the 2020 Post Utme Aaua Accounting examination.

Post Utme Aaua 2020 Accounting Objective / Multiple Choice
Question 37 POST_UTME_AAUA • 2020 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital accounts of A and B are ₦ 10,000 and ₦ 15,000 respectively. The profit-sharing ratio is 3:2. Calculate the profit to be distributed to A and B.

Answer Options

A. ₦ 3,000
B. ₦ 4,000
Correct Answer C. ₦ 5,000
D. ₦ 6,000
Correct Answer
C
Correct Option:
₦ 5,000

About This Question

This is Post Utme Aaua 2020 Accounting Question 37. It is one of the objective questions from the 2020 Post Utme Aaua Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support