Post Utme Futo 2020 Accounting Question 14

Practice objective / multiple choice question 14 from the 2020 Post Utme Futo Accounting examination.

Post Utme Futo 2020 Accounting Objective / Multiple Choice
Question 14 POST_UTME_FUTO • 2020 • ACCOUNTING • objective

A partnership has two partners, John and Jane. John's capital contribution is ₦50,000 and Jane's capital contribution is ₦30,000. If the partnership has a profit of ₦20,000, how much will each partner receive?

Answer Options

A. John: ₦10,000, Jane: ₦10,000
Correct Answer B. John: ₦12,500, Jane: ₦7,500
C. John: ₦15,000, Jane: ₦5,000
D. John: ₦18,750, Jane: ₦1,250
Correct Answer
B
Correct Option:
John: ₦12,500, Jane: ₦7,500

About This Question

This is Post Utme Futo 2020 Accounting Question 14. It is one of the objective questions from the 2020 Post Utme Futo Accounting examination.

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