Post Utme Igbinedion University 2024 Accounting Question 37

Practice objective / multiple choice question 37 from the 2024 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2024 Accounting Objective / Multiple Choice
Question 37 POST_UTME_IGBINEDION_UNIVERSITY • 2024 • 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 share of profit of partner A?

Answer Options

Correct Answer A. ₦12,000
B. ₦10,000
C. ₦8,000
D. ₦6,000
Correct Answer
A
Correct Option:
₦12,000

About This Question

This is Post Utme Igbinedion University 2024 Accounting Question 37. It is one of the objective questions from the 2024 Post Utme Igbinedion University Accounting examination.

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