Post Utme Osustech 2021 Accounting Question 38

Practice objective / multiple choice question 38 from the 2021 Post Utme Osustech Accounting examination.

Post Utme Osustech 2021 Accounting Objective / Multiple Choice
Question 38 POST_UTME_OSUSTECH • 2021 • ACCOUNTING • objective

A company's partnership account for the year ended 31st December 2020 is as follows: Partnership Debit: Capital: ₦1,500,000 Drawings: ₦50,000 Partnership Credit: Profit: ₦200,000 Loss: ₦20,000 What is the partner's share of profit?

Answer Options

A. ₦180,000
Correct Answer B. ₦200,000
C. ₦220,000
D. ₦240,000
Correct Answer
B
Correct Option:
₦200,000

About This Question

This is Post Utme Osustech 2021 Accounting Question 38. It is one of the objective questions from the 2021 Post Utme Osustech Accounting examination.

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