Post Utme Futa 2020 Accounting Question 40

Practice objective / multiple choice question 40 from the 2020 Post Utme Futa Accounting examination.

Post Utme Futa 2020 Accounting Objective / Multiple Choice
Question 40 POST_UTME_FUTA • 2020 • ACCOUNTING • objective

A company has two partners, A and B. Partner A has a capital of ₦500,000, and partner B has a capital of ₦300,000. The company's profit is ₦200,000. What is the correct distribution of the profit?

Answer Options

Correct Answer A. ₦60,000 to A and ₦140,000 to B
B. ₦80,000 to A and ₦120,000 to B
C. ₦100,000 to A and ₦100,000 to B
D. ₦120,000 to A and ₦80,000 to B
Correct Answer
A
Correct Option:
₦60,000 to A and ₦140,000 to B

About This Question

This is Post Utme Futa 2020 Accounting Question 40. It is one of the objective questions from the 2020 Post Utme Futa Accounting examination.

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