Post Utme Redeemers University 2022 Accounting Question 17

Practice objective / multiple choice question 17 from the 2022 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2022 Accounting Objective / Multiple Choice
Question 17 POST_UTME_REDEEMERS_UNIVERSITY • 2022 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital accounts of A and B are 10,000 and 20,000 respectively. The profit sharing ratio is 3:2. Prepare the profit and loss appropriation account for the year ended 31st December 2022.

Answer Options

Correct Answer A. Profit and Loss Appropriation Account for the year ended 31st December 2022
B. Balance Sheet as at 31st December 2022
C. Statement of Changes in Equity for the year ended 31st December 2022
D. Cash Flow Statement for the year ended 31st December 2022
Correct Answer
A
Correct Option:
Profit and Loss Appropriation Account for the year ended 31st December 2022

About This Question

This is Post Utme Redeemers University 2022 Accounting Question 17. It is one of the objective questions from the 2022 Post Utme Redeemers University Accounting examination.

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