Post Utme Bowen University 2021 Accounting Question 27

Practice objective / multiple choice question 27 from the 2021 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2021 Accounting Objective / Multiple Choice
Question 27 POST_UTME_BOWEN_UNIVERSITY • 2021 • ACCOUNTING • objective

A partnership is formed between two individuals, A and B, with a capital of ₦100,000 each. After one year, the profit is shared in the ratio 2:3. If A's drawings are ₦20,000 and B's drawings are ₦15,000, what is the amount of A's share of the profit?

Answer Options

Correct Answer A. ₦30,000
B. ₦25,000
C. ₦20,000
D. ₦15,000
Correct Answer
A
Correct Option:
₦30,000

About This Question

This is Post Utme Bowen University 2021 Accounting Question 27. It is one of the objective questions from the 2021 Post Utme Bowen University Accounting examination.

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