Post Utme Futa 2021 Accounting Question 17

Practice objective / multiple choice question 17 from the 2021 Post Utme Futa Accounting examination.

Post Utme Futa 2021 Accounting Objective / Multiple Choice
Question 17 POST_UTME_FUTA • 2021 • 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 correct distribution of profit?

Answer Options

Correct Answer A. ₦60,000 to A and ₦40,000 to B
B. ₦45,000 to A and ₦30,000 to B
C. ₦60,000 to A and ₦20,000 to B
D. ₦45,000 to A and ₦25,000 to B
Correct Answer
A
Correct Option:
₦60,000 to A and ₦40,000 to B

About This Question

This is Post Utme Futa 2021 Accounting Question 17. It is one of the objective questions from the 2021 Post Utme Futa Accounting examination.

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