Post Utme Caleb University 2024 Accounting Question 3

Practice objective / multiple choice question 3 from the 2024 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2024 Accounting Objective / Multiple Choice
Question 3 POST_UTME_CALEB_UNIVERSITY • 2024 • ACCOUNTING • objective

A partnership has the following capital accounts: John ₦100,000, Mary ₦80,000, and David ₦60,000. If the partnership makes a profit of ₦20,000, how will the profit be shared?

Answer Options

Correct Answer A. John ₦40,000, Mary ₦32,000, David ₦24,000
B. John ₦30,000, Mary ₦24,000, David ₦18,000
C. John ₦20,000, Mary ₦16,000, David ₦12,000
D. John ₦10,000, Mary ₦8,000, David ₦6,000
Correct Answer
A
Correct Option:
John ₦40,000, Mary ₦32,000, David ₦24,000

About This Question

This is Post Utme Caleb University 2024 Accounting Question 3. It is one of the objective questions from the 2024 Post Utme Caleb University Accounting examination.

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