Post Utme Esut 2024 Accounting Question 12

Practice objective / multiple choice question 12 from the 2024 Post Utme Esut Accounting examination.

Post Utme Esut 2024 Accounting Objective / Multiple Choice
Question 12 POST_UTME_ESUT • 2024 • 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. What is the amount of profit to be distributed to each partner?

Answer Options

A. ₦30,000 to A and ₦20,000 to B.
Correct Answer B. ₦45,000 to A and ₦30,000 to B.
C. ₦60,000 to A and ₦40,000 to B.
D. ₦75,000 to A and ₦50,000 to B.
Correct Answer
B
Correct Option:
₦45,000 to A and ₦30,000 to B.

About This Question

This is Post Utme Esut 2024 Accounting Question 12. It is one of the objective questions from the 2024 Post Utme Esut Accounting examination.

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