Post Utme Lead City University 2025 Accounting Question 3

Practice objective / multiple choice question 3 from the 2025 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2025 Accounting Objective / Multiple Choice
Question 3 POST_UTME_LEAD_CITY_UNIVERSITY • 2025 • ACCOUNTING • objective

A partnership has the following capital accounts: A ₦50,000; B ₦30,000; C ₦20,000. The profit for the year is ₦10,000. Prepare the profit and loss account.

Answer Options

Correct Answer A. ₦50,000; ₦30,000; ₦20,000
B. ₦50,000; ₦20,000; ₦30,000
C. ₦30,000; ₦50,000; ₦20,000
D. ₦20,000; ₦50,000; ₦30,000
Correct Answer
A
Correct Option:
₦50,000; ₦30,000; ₦20,000

About This Question

This is Post Utme Lead City University 2025 Accounting Question 3. It is one of the objective questions from the 2025 Post Utme Lead City University Accounting examination.

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