Post Utme Futo 2019 Accounting Question 12

Practice objective / multiple choice question 12 from the 2019 Post Utme Futo Accounting examination.

Post Utme Futo 2019 Accounting Objective / Multiple Choice
Question 12 POST_UTME_FUTO • 2019 • ACCOUNTING • objective

A partnership is formed between three individuals: John, Mary, and David. John invests ₦200,000, Mary invests ₦150,000, and David invests ₦100,000. If the partnership earns a profit of ₦50,000, how much will each partner receive?

Answer Options

A. John: ₦20,000, Mary: ₦15,000, David: ₦15,000
Correct Answer B. John: ₦25,000, Mary: ₦18,750, David: ₦6,250
C. John: ₦30,000, Mary: ₦22,500, David: ₦7,500
D. John: ₦35,000, Mary: ₦26,250, David: ₦8,750
Correct Answer
B
Correct Option:
John: ₦25,000, Mary: ₦18,750, David: ₦6,250

About This Question

This is Post Utme Futo 2019 Accounting Question 12. It is one of the objective questions from the 2019 Post Utme Futo Accounting examination.

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