Post Utme Bells University 2025 Accounting Question 2

Practice objective / multiple choice question 2 from the 2025 Post Utme Bells University Accounting examination.

Post Utme Bells University 2025 Accounting Objective / Multiple Choice

Question 2 POST_UTME_BELLS_UNIVERSITY • 2025 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital accounts of A and B are ₡0,000 and ₡5,000 respectively. The profit-sharing ratio is 3:2. Prepare the statement of profit or loss and other comprehensive income for the year ended 31st December 2024.

Answer Options

Correct Answer A. Profit ₢0,000, Loss ₡0,000

B. Profit ₣0,000, Loss ₢0,000

C. Profit ₤0,000, Loss ₣0,000

D. Profit ₥0,000, Loss ₤0,000

Correct Answer

Correct Option:

Profit ₢0,000, Loss ₡0,000

About This Question

This is Post Utme Bells University 2025 Accounting Question 2. It is one of the objective questions from the 2025 Post Utme Bells University Accounting examination.

View More Post Utme Bells University 2025 Accounting Questions More Post Utme Bells University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support