Post Utme Futo 2022 Accounting Question 7

Practice objective / multiple choice question 7 from the 2022 Post Utme Futo Accounting examination.

Post Utme Futo 2022 Accounting Objective / Multiple Choice
Question 7 POST_UTME_FUTO • 2022 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital accounts of A and B are ₦100,000 and ₦80,000 respectively. If the profit for the year is ₦20,000, what is the distribution of the profit?

Answer Options

Correct Answer A. ₦12,000 to A and ₦8,000 to B
B. ₦10,000 to A and ₦10,000 to B
C. ₦14,000 to A and ₦6,000 to B
D. ₦16,000 to A and ₦4,000 to B
Correct Answer
A
Correct Option:
₦12,000 to A and ₦8,000 to B

About This Question

This is Post Utme Futo 2022 Accounting Question 7. It is one of the objective questions from the 2022 Post Utme Futo Accounting examination.

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