Post Utme Mountain Top University 2019 Accounting Question 17

Practice objective / multiple choice question 17 from the 2019 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2019 Accounting Objective / Multiple Choice
Question 17 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2019 • ACCOUNTING • objective

A partnership has two partners, A and B, who share profits and losses in the ratio 3:2. The partnership's trial balance shows a debit balance of ₦20,000 in the 'Drawings' account. What is the correct allocation of the drawings to the partners?

Answer Options

Correct Answer A. Partner A ₦12,000, Partner B ₦8,000
B. Partner A ₦15,000, Partner B ₦5,000
C. Partner A ₦18,000, Partner B ₦2,000
D. Partner A ₦10,000, Partner B ₦10,000
Correct Answer
A
Correct Option:
Partner A ₦12,000, Partner B ₦8,000

About This Question

This is Post Utme Mountain Top University 2019 Accounting Question 17. It is one of the objective questions from the 2019 Post Utme Mountain Top University Accounting examination.

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