Post Utme Ims U 2020 Accounting Question 17

Practice objective / multiple choice question 17 from the 2020 Post Utme Ims U Accounting examination.

Post Utme Ims U 2020 Accounting Objective / Multiple Choice
Question 17 POST_UTME_IMS_U • 2020 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital accounts of the partners are as follows: A:£ 100,000 B:£ 50,000 The profit for the year is £ 20,000. Calculate the distribution of the profit between the partners.

Answer Options

Correct Answer A. A: £ 12,000, B: £ 8,000
B. A: £ 10,000, B: £ 10,000
C. A: £ 8,000, B: £ 12,000
D. A: £ 15,000, B: £ 5,000
Correct Answer
A
Correct Option:
A: £ 12,000, B: £ 8,000

About This Question

This is Post Utme Ims U 2020 Accounting Question 17. It is one of the objective questions from the 2020 Post Utme Ims U Accounting examination.

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