Post Utme Covenant University 2017 Accounting Question 3

Practice objective / multiple choice question 3 from the 2017 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2017 Accounting Objective / Multiple Choice
Question 3 POST_UTME_COVENANT_UNIVERSITY • 2017 • ACCOUNTING • objective

A partnership of A and B has the following capital balances: A ₦200,000, B ₦300,000. The partnership also has a profit of ₦50,000. Determine the correct distribution of the profit.

Answer Options

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

About This Question

This is Post Utme Covenant University 2017 Accounting Question 3. It is one of the objective questions from the 2017 Post Utme Covenant University Accounting examination.

View More Post Utme Covenant University 2017 Accounting Questions More Post Utme Covenant University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support