Post Utme Coal City University 2018 Accounting Question 19

Practice objective / multiple choice question 19 from the 2018 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2018 Accounting Objective / Multiple Choice
Question 19 POST_UTME_COAL_CITY_UNIVERSITY • 2018 • ACCOUNTING • objective

A partnership was formed on 1st January 2018 between two partners, A and B, who contributed ₦50,000 and ₦30,000 respectively. The partnership made a profit of ₦20,000 in the first year.

Answer Options

A. ₦40,000
Correct Answer B. ₦50,000
C. ₦60,000
D. ₦70,000
Correct Answer
B
Correct Option:
₦50,000

About This Question

This is Post Utme Coal City University 2018 Accounting Question 19. It is one of the objective questions from the 2018 Post Utme Coal City University Accounting examination.

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