Post Utme Bowen University 2018 Accounting Question 34

Practice objective / multiple choice question 34 from the 2018 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2018 Accounting Objective / Multiple Choice
Question 34 POST_UTME_BOWEN_UNIVERSITY • 2018 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital accounts of the partners are as follows: A: ₦500,000; B: ₦300,000. The profit for the year is ₦200,000. What is the share of profit for each partner?

Answer Options

Correct Answer A. A: ₦150,000; B: ₦50,000
B. A: ₦100,000; B: ₦100,000
C. A: ₦200,000; B: ₦0
D. A: ₦0; B: ₦200,000
Correct Answer
A
Correct Option:
A: ₦150,000; B: ₦50,000

About This Question

This is Post Utme Bowen University 2018 Accounting Question 34. It is one of the objective questions from the 2018 Post Utme Bowen University Accounting examination.

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