Post Utme Babcock University 2022 Accounting Question 28

Practice objective / multiple choice question 28 from the 2022 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2022 Accounting Objective / Multiple Choice
Question 28 POST_UTME_BABCOCK_UNIVERSITY • 2022 • ACCOUNTING • objective

A company has the following transactions related to its partnership accounts: Partnership A invested ₦ 50,000 and Partnership B invested ₦ 30,000. The company made a profit of ₦ 20,000. Calculate the share of profit of Partnership A and Partnership B.

Answer Options

A. Partnership A: ₦ 10,000, Partnership B: ₦ 10,000
Correct Answer B. Partnership A: ₦ 12,000, Partnership B: ₦ 8,000
C. Partnership A: ₦ 15,000, Partnership B: ₦ 5,000
D. Partnership A: ₦ 18,000, Partnership B: ₦ 2,000
Correct Answer
B
Correct Option:
Partnership A: ₦ 12,000, Partnership B: ₦ 8,000

About This Question

This is Post Utme Babcock University 2022 Accounting Question 28. It is one of the objective questions from the 2022 Post Utme Babcock University Accounting examination.

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