Post Utme Greenfield University 2017 Accounting Question 32

Practice objective / multiple choice question 32 from the 2017 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2017 Accounting Objective / Multiple Choice
Question 32 POST_UTME_GREENFIELD_UNIVERSITY • 2017 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital accounts of the partners are as follows: Partner A: ₦100,000 Partner B: ₦200,000 The partnership has a profit of ₦50,000. How much will each partner receive as their share of the profit?

Answer Options

Correct Answer A. ₦25,000 and ₦25,000
B. ₦20,000 and ₦30,000
C. ₦30,000 and ₦20,000
D. ₦35,000 and ₦15,000
Correct Answer
A
Correct Option:
₦25,000 and ₦25,000

About This Question

This is Post Utme Greenfield University 2017 Accounting Question 32. It is one of the objective questions from the 2017 Post Utme Greenfield University Accounting examination.

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