Post Utme Esut 2023 Accounting Question 13

Practice objective / multiple choice question 13 from the 2023 Post Utme Esut Accounting examination.

Post Utme Esut 2023 Accounting Objective / Multiple Choice
Question 13 POST_UTME_ESUT • 2023 • ACCOUNTING • objective

The following is an extract from the financial statements of a partnership: | Partner's Name | Capital | Drawing | Balance | | --- | --- | --- | --- | | A | 50,000 | 10,000 | 40,000 | | B | 30,000 | 5,000 | 25,000 | | C | 20,000 | | 15,000 | Determine the amount of profit to be shared by each partner.

Answer Options

A. ₦25,000
B. ₦30,000
Correct Answer C. ₦35,000
D. ₦40,000
Correct Answer
C
Correct Option:
₦35,000

About This Question

This is Post Utme Esut 2023 Accounting Question 13. It is one of the objective questions from the 2023 Post Utme Esut Accounting examination.

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