Post Utme Lasu 2020 Accounting Question 24

Practice objective / multiple choice question 24 from the 2020 Post Utme Lasu Accounting examination.

Post Utme Lasu 2020 Accounting Objective / Multiple Choice
Question 24 POST_UTME_LASU • 2020 • ACCOUNTING • objective

A company is owned by two partners, A and B. The company's profit and loss account shows a profit of ₦0.50. Partner A's capital is ₦1,000 and partner B's capital is ₦0,500. What is the correct distribution of the profit?

Answer Options

Correct Answer A. Partner A: ₦0.25, Partner B: ₠0.25
B. Partner A: ₠0.25, Partner B: ₦0.25
C. Partner A: ₠0.50, Partner B: ₠0.50
D. Partner A: ₠0.25, Partner B: ₠0.25
Correct Answer
A
Correct Option:
Partner A: ₦0.25, Partner B: ₠0.25

About This Question

This is Post Utme Lasu 2020 Accounting Question 24. It is one of the objective questions from the 2020 Post Utme Lasu Accounting examination.

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