Post Utme Mountain Top University 2021 Accounting Question 7

Practice objective / multiple choice question 7 from the 2021 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2021 Accounting Objective / Multiple Choice
Question 7 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2021 • 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 ₦30,000 in the 'Drawings' account. What is the correct distribution of the drawings between partners A and B?

Answer Options

Correct Answer A. ₦18,000 to A and ₦12,000 to B
B. ₦20,000 to A and ₦10,000 to B
C. ₦22,000 to A and ₦8,000 to B
D. ₦24,000 to A and ₦6,000 to B
Correct Answer
A
Correct Option:
₦18,000 to A and ₦12,000 to B

About This Question

This is Post Utme Mountain Top University 2021 Accounting Question 7. It is one of the objective questions from the 2021 Post Utme Mountain Top University Accounting examination.

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