Post Utme Abu 2023 Accounting Question 2

Practice objective / multiple choice question 2 from the 2023 Post Utme Abu Accounting examination.

Post Utme Abu 2023 Accounting Objective / Multiple Choice
Question 2 POST_UTME_ABU • 2023 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital accounts of A and B are ₦50,000 and ₦30,000 respectively. If the profit for the year is ₦20,000, what is the correct distribution of the profit?

Answer Options

A. ₦10,000 to A and ₦10,000 to B
Correct Answer B. ₦12,500 to A and ₦7,500 to B
C. ₦15,000 to A and ₦5,000 to B
D. ₦18,750 to A and ₦1,250 to B
Correct Answer
B
Correct Option:
₦12,500 to A and ₦7,500 to B

About This Question

This is Post Utme Abu 2023 Accounting Question 2. It is one of the objective questions from the 2023 Post Utme Abu Accounting examination.

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