Post Utme Mountain Top University 2020 Accounting Question 17

Practice objective / multiple choice question 17 from the 2020 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2020 Accounting Objective / Multiple Choice
Question 17 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2020 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital accounts of A and B are ₠ 50,000 and ₠ 30,000 respectively. The profit-sharing ratio is 3:2. Prepare the profit-sharing ratio schedule.

Answer Options

A. A: ₠ 45,000, B: ₠ 30,000
B. A: ₠ 40,000, B: ₠ 35,000
Correct Answer C. A: ₠ 42,500, B: ₠ 32,500
D. A: ₠ 50,000, B: ₠ 20,000
Correct Answer
C
Correct Option:
A: ₠ 42,500, B: ₠ 32,500

About This Question

This is Post Utme Mountain Top University 2020 Accounting Question 17. It is one of the objective questions from the 2020 Post Utme Mountain Top University Accounting examination.

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