Post Utme Igbinedion University 2025 Accounting Question 19

Practice objective / multiple choice question 19 from the 2025 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2025 Accounting Objective / Multiple Choice
Question 19 POST_UTME_IGBINEDION_UNIVERSITY • 2025 • ACCOUNTING • objective

A partnership has the following capital accounts: John = ₦50,000, Mary = ₦50,000, Bob = ₦50,000. If the partnership distributes profits in the ratio 2:2:1, what is the amount each partner will receive?

Answer Options

A. John = ₦30,000, Mary = ₦30,000, Bob = ₦20,000
B. John = ₦20,000, Mary = ₦20,000, Bob = ₦30,000
Correct Answer C. John = ₦30,000, Mary = ₦30,000, Bob = ₦20,000
D. John = ₦20,000, Mary = ₦20,000, Bob = ₦30,000
Correct Answer
C
Correct Option:
John = ₦30,000, Mary = ₦30,000, Bob = ₦20,000

About This Question

This is Post Utme Igbinedion University 2025 Accounting Question 19. It is one of the objective questions from the 2025 Post Utme Igbinedion University Accounting examination.

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