Post Utme Crawford University 2018 Accounting Question 40

Practice objective / multiple choice question 40 from the 2018 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2018 Accounting Objective / Multiple Choice
Question 40 POST_UTME_CRAWFORD_UNIVERSITY • 2018 • ACCOUNTING • objective

A company has two partners, A and B. The capital accounts of A and B are ₦100,000 and ₦80,000 respectively. If the company makes a profit of ₦20,000, how much will each partner receive as their share of the profit?

Answer Options

Correct Answer A. ₦12,000 and ₦8,000
B. ₦10,000 and ₦10,000
C. ₦15,000 and ₦5,000
D. ₦12,000 and ₦8,000
Correct Answer
A
Correct Option:
₦12,000 and ₦8,000

About This Question

This is Post Utme Crawford University 2018 Accounting Question 40. It is one of the objective questions from the 2018 Post Utme Crawford University Accounting examination.

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