Post Utme Bells University 2023 Accounting Question 13

Practice objective / multiple choice question 13 from the 2023 Post Utme Bells University Accounting examination.

Post Utme Bells University 2023 Accounting Objective / Multiple Choice
Question 13 POST_UTME_BELLS_UNIVERSITY • 2023 • ACCOUNTING • objective

A, B and C are partners sharing profits and losses in the ratio 3:2:1. Their respective capital contributions are ₦ 60,000, ₦ 40,000 and ₦ 20,000. Calculate the amount of the profit to be distributed to each partner.

Answer Options

Correct Answer A. A ₦ 36,000, B ₦ 24,000, C ₦ 12,000
B. A ₦ 24,000, B ₦ 16,000, C ₦ 8,000
C. A ₦ 12,000, B ₦ 8,000, C ₦ 4,000
D. A ₦ 8,000, B ₦ 4,000, C ₦ 2,000
Correct Answer
A
Correct Option:
A ₦ 36,000, B ₦ 24,000, C ₦ 12,000

About This Question

This is Post Utme Bells University 2023 Accounting Question 13. It is one of the objective questions from the 2023 Post Utme Bells University Accounting examination.

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