Post Utme Joseph Ayo Babalola University 2024 Accounting Question 32

Practice objective / multiple choice question 32 from the 2024 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2024 Accounting Objective / Multiple Choice
Question 32 POST_UTME_JOSEPH_AYO_BABALOLA_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 ₦60,000, what is the share of profit of partner A?

Answer Options

Correct Answer A. ₦30,000
B. ₦40,000
C. ₦50,000
D. ₦60,000
Correct Answer
A
Correct Option:
₦30,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2024 Accounting Question 32. It is one of the objective questions from the 2024 Post Utme Joseph Ayo Babalola University Accounting examination.

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