Post Utme Redeemers University 2020 Accounting Question 12

Practice objective / multiple choice question 12 from the 2020 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2020 Accounting Objective / Multiple Choice
Question 12 POST_UTME_REDEEMERS_UNIVERSITY • 2020 • ACCOUNTING • objective

A partnership is formed between two individuals, A and B, with initial capital contributions of ₦50,000 and ₦30,000 respectively. After one year, the partnership earns a profit of ₦120,000. If A's share of the profit is ₦60,000, what is B's share of the profit?

Answer Options

A. ₦30,000
Correct Answer B. ₦40,000
C. ₦50,000
D. ₦60,000
Correct Answer
B
Correct Option:
₦40,000

About This Question

This is Post Utme Redeemers University 2020 Accounting Question 12. It is one of the objective questions from the 2020 Post Utme Redeemers University Accounting examination.

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