Post Utme Joseph Ayo Babalola University 2018 Accounting Question 7

Practice objective / multiple choice question 7 from the 2018 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2018 Accounting Objective / Multiple Choice
Question 7 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2018 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital accounts of A and B are ₦50,000 and ₦30,000 respectively. The profit-sharing ratio is 3:2. Calculate the share of profit of each partner.

Answer Options

Correct Answer A. ₦45,000 and ₦30,000
B. ₦40,000 and ₦35,000
C. ₦50,000 and ₦20,000
D. ₦60,000 and ₦10,000
Correct Answer
A
Correct Option:
₦45,000 and ₦30,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2018 Accounting Question 7. It is one of the objective questions from the 2018 Post Utme Joseph Ayo Babalola University Accounting examination.

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