Post Utme Bells University 2018 Accounting Question 37

Practice objective / multiple choice question 37 from the 2018 Post Utme Bells University Accounting examination.

Post Utme Bells University 2018 Accounting Objective / Multiple Choice
Question 37 POST_UTME_BELLS_UNIVERSITY • 2018 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital accounts of A and B are ₦500,000 and ₦300,000 respectively. If the profit for the year is ₦150,000, and A's share of profit is 60%, what is B's share of profit?

Answer Options

Correct Answer A. ₦45,000
B. ₦30,000
C. ₦60,000
D. ₦90,000
Correct Answer
A
Correct Option:
₦45,000

About This Question

This is Post Utme Bells University 2018 Accounting Question 37. It is one of the objective questions from the 2018 Post Utme Bells University Accounting examination.

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