Post Utme Bsu 2017 Accounting Question 39

Practice objective / multiple choice question 39 from the 2017 Post Utme Bsu Accounting examination.

Post Utme Bsu 2017 Accounting Objective / Multiple Choice
Question 39 POST_UTME_BSU • 2017 • ACCOUNTING • objective

A partnership has the following capital accounts: John has a capital of ₦50,000, Mary has a capital of ₦30,000, and David has a capital of ₦20,000. If the profit for the year is ₦60,000, what is the share of profit for each partner?

Answer Options

Correct Answer A. John: ₦20,000, Mary: ₦12,000, David: ₦8,000
B. John: ₦15,000, Mary: ₦9,000, David: ₦6,000
C. John: ₦18,000, Mary: ₦10,000, David: ₦7,000
D. John: ₦12,000, Mary: ₦8,000, David: ₦5,000
Correct Answer
A
Correct Option:
John: ₦20,000, Mary: ₦12,000, David: ₦8,000

About This Question

This is Post Utme Bsu 2017 Accounting Question 39. It is one of the objective questions from the 2017 Post Utme Bsu Accounting examination.

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