Post Utme Covenant University 2019 Accounting Question 12

Practice objective / multiple choice question 12 from the 2019 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2019 Accounting Objective / Multiple Choice
Question 12 POST_UTME_COVENANT_UNIVERSITY • 2019 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital accounts of A and B are ₦50,000 and ₦30,000 respectively. The profit-sharing ratio is 3:2. Calculate the profit to be distributed to each partner.

Answer Options

A. ₦18,000
Correct Answer B. ₦20,000
C. ₦22,000
D. ₦24,000
Correct Answer
B
Correct Option:
₦20,000

About This Question

This is Post Utme Covenant University 2019 Accounting Question 12. It is one of the objective questions from the 2019 Post Utme Covenant University Accounting examination.

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