Post Utme Christopher University 2021 Accounting Question 27

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

Post Utme Christopher University 2021 Accounting Objective / Multiple Choice
Question 27 POST_UTME_CHRISTOPHER_UNIVERSITY • 2021 • ACCOUNTING • objective

A partnership has two partners, A and B, who share profits and losses in the ratio 3:2. The partnership's trial balance as at 31 December 2021 is as follows:

Answer Options

A. A's Capital ₡0,000, B's Capital ₧,000
B. A's Capital ₡0,000, B's Capital ₧,000, A's Drawing ₢,000, B's Drawing ₡,000
Correct Answer C. A's Capital ₡0,000, B's Capital ₧,000, A's Drawing ₢,000, B's Drawing ₡,000, A's Share of Profit ₣,000, B's Share of Profit ₢,000
D. A's Capital ₡0,000, B's Capital ₧,000, A's Drawing ₢,000, B's Drawing ₡,000, A's Share of Profit ₣,000, B's Share of Profit ₢,000, A's Share of Loss ₡,000, B's Share of Loss ₥00
Correct Answer
C
Correct Option:
A's Capital ₡0,000, B's Capital ₧,000, A's Drawing ₢,000, B's Drawing ₡,000, A's Share of Profit ₣,000, B's Share of Profit ₢,000

About This Question

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

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