Post Utme Futo 2019 Accounting Question 27

Practice objective / multiple choice question 27 from the 2019 Post Utme Futo Accounting examination.

Post Utme Futo 2019 Accounting Objective / Multiple Choice
Question 27 POST_UTME_FUTO • 2019 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital accounts of A and B are ₦500,000 and ₦300,000 respectively. The profit for the year is ₦150,000. Prepare the profit-sharing statement.

Answer Options

A. ₦200,000
B. ₦250,000
Correct Answer C. ₦300,000
D. ₦350,000
Correct Answer
C
Correct Option:
₦300,000

About This Question

This is Post Utme Futo 2019 Accounting Question 27. It is one of the objective questions from the 2019 Post Utme Futo Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support