Post Utme Crawford University 2017 Accounting Question 32

Practice objective / multiple choice question 32 from the 2017 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2017 Accounting Objective / Multiple Choice
Question 32 POST_UTME_CRAWFORD_UNIVERSITY • 2017 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital accounts of A and B are ₦500,000 and ₦300,000 respectively. The profit for the year is ₦150,000. Prepare the profit and loss account for the partnership.

Answer Options

A. ₦800,000
Correct Answer B. ₦700,000
C. ₦600,000
D. ₦500,000
Correct Answer
B
Correct Option:
₦700,000

About This Question

This is Post Utme Crawford University 2017 Accounting Question 32. It is one of the objective questions from the 2017 Post Utme Crawford University Accounting examination.

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