Post Utme Lead City University 2022 Accounting Question 40

Practice objective / multiple choice question 40 from the 2022 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2022 Accounting Objective / Multiple Choice
Question 40 POST_UTME_LEAD_CITY_UNIVERSITY • 2022 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital accounts of A and B are ₦50,000 and ₦30,000 respectively. If the profit for the year is ₦20,000, what is the share of profit of partner A?

Answer Options

A. ₦10,000
Correct Answer B. ₦12,000
C. ₦14,000
D. ₦16,000
Correct Answer
B
Correct Option:
₦12,000

About This Question

This is Post Utme Lead City University 2022 Accounting Question 40. It is one of the objective questions from the 2022 Post Utme Lead City University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support