Post Utme Rhema University 2021 Accounting Question 34

Practice objective / multiple choice question 34 from the 2021 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2021 Accounting Objective / Multiple Choice
Question 34 POST_UTME_RHEMA_UNIVERSITY • 2021 • ACCOUNTING • objective

A partnership firm has two partners, A and B. The capital accounts of A and B are £ 50,000 and £ 30,000 respectively. If the firm makes a profit of £ 10,000, calculate the share of profit of A and B.

Answer Options

A. A: £ 5,000, B: £ 5,000
Correct Answer B. A: £ 6,667, B: £ 3,333
C. A: £ 7,500, B: £ 2,500
D. A: £ 8,333, B: £ 1,667
Correct Answer
B
Correct Option:
A: £ 6,667, B: £ 3,333

About This Question

This is Post Utme Rhema University 2021 Accounting Question 34. It is one of the objective questions from the 2021 Post Utme Rhema University Accounting examination.

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