Post Utme Afe Babalola University 2017 Accounting Question 29

Practice objective / multiple choice question 29 from the 2017 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2017 Accounting Objective / Multiple Choice
Question 29 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2017 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital accounts of A and B are ₦100,000 and ₦150,000 respectively. If the profit for the year is ₦20,000, and A's share of profit is 60%, what is the amount to be credited to A's capital account?

Answer Options

A. ₦12,000
B. ₦15,000
Correct Answer C. ₦18,000
D. ₦20,000
Correct Answer
C
Correct Option:
₦18,000

About This Question

This is Post Utme Afe Babalola University 2017 Accounting Question 29. It is one of the objective questions from the 2017 Post Utme Afe Babalola University Accounting examination.

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