Post Utme Rhema University 2023 Accounting Question 26

Practice objective / multiple choice question 26 from the 2023 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2023 Accounting Objective / Multiple Choice
Question 26 POST_UTME_RHEMA_UNIVERSITY • 2023 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital accounts of A and B are ₦50,000 and ₦30,000 respectively. The profit for the year is ₦20,000. If A's share of profit is ₦12,000, calculate B's share of profit.

Answer Options

A. ₦4,000
Correct Answer B. ₦6,000
C. ₦8,000
D. ₦10,000
Correct Answer
B
Correct Option:
₦6,000

About This Question

This is Post Utme Rhema University 2023 Accounting Question 26. It is one of the objective questions from the 2023 Post Utme Rhema University Accounting examination.

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