Post Utme Redeemers University 2023 Accounting Question 12

Practice objective / multiple choice question 12 from the 2023 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2023 Accounting Objective / Multiple Choice
Question 12 POST_UTME_REDEEMERS_UNIVERSITY • 2023 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital accounts of A and B are ₦80,000 and ₦60,000 respectively. If the profit for the year is ₦40,000, how much will each partner receive as their share of the profit?

Answer Options

Correct Answer A. A: ₦24,000, B: ₦16,000
B. A: ₦20,000, B: ₦20,000
C. A: ₦16,000, B: ₦24,000
D. A: ₦12,000, B: ₦28,000
Correct Answer
A
Correct Option:
A: ₦24,000, B: ₦16,000

About This Question

This is Post Utme Redeemers University 2023 Accounting Question 12. It is one of the objective questions from the 2023 Post Utme Redeemers University Accounting examination.

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