Post Utme Rhema University 2021 Accounting Question 2
Practice objective / multiple choice question 2 from the 2021 Post Utme Rhema University Accounting examination.
A partnership has two partners, A and B. The capital accounts of A and B are ₦ 50,000 and ₦ 30,000 respectively. If the profit for the year is ₦ 20,000, and A's share of profit is 60%, calculate the amount of profit to be distributed to A.
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About This Question
This is Post Utme Rhema University 2021 Accounting Question 2. It is one of the objective questions from the 2021 Post Utme Rhema University Accounting examination.
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