Post Utme Mountain Top University 2023 Accounting Question 27

Practice objective / multiple choice question 27 from the 2023 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2023 Accounting Objective / Multiple Choice

Question 27 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2023 • ACCOUNTING • objective

A partnership is formed between two individuals, A and B, with a capital of ₦1,000,000 each. The profit-sharing ratio is 3:2. The partnership earns a profit of ₦500,000. Prepare the profit-sharing statement.

Answer Options

Correct Answer A. ₦300,000 to A and ₦200,000 to B

B. ₦250,000 to A and ₦250,000 to B

C. ₦350,000 to A and ₦150,000 to B

D. ₦400,000 to A and ₦100,000 to B

Correct Answer

Correct Option:

₦300,000 to A and ₦200,000 to B

About This Question

This is Post Utme Mountain Top University 2023 Accounting Question 27. It is one of the objective questions from the 2023 Post Utme Mountain Top University Accounting examination.

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