Post Utme Joseph Ayo Babalola University 2017 Accounting Question 28

Practice objective / multiple choice question 28 from the 2017 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2017 Accounting Objective / Multiple Choice
Question 28 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2017 • ACCOUNTING • objective

A partnership consists of three partners: A, B, and C. The capital accounts of the partners are as follows: A ₦ 50,000, B ₦ 30,000, and C ₦ 20,000. If the partnership makes a profit of ₦ 10,000, how much will each partner receive?

Answer Options

Correct Answer A. A: ₦ 5,000, B: ₦ 3,000, C: ₦ 2,000
B. A: ₦ 6,000, B: ₦ 4,000, C: ₦ 3,000
C. A: ₦ 7,000, B: ₦ 5,000, C: ₦ 4,000
D. A: ₦ 8,000, B: ₦ 6,000, C: ₦ 5,000
Correct Answer
A
Correct Option:
A: ₦ 5,000, B: ₦ 3,000, C: ₦ 2,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2017 Accounting Question 28. It is one of the objective questions from the 2017 Post Utme Joseph Ayo Babalola University Accounting examination.

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