Post Utme Uniben 2021 Accounting Question 22

Practice objective / multiple choice question 22 from the 2021 Post Utme Uniben Accounting examination.

Post Utme Uniben 2021 Accounting Objective / Multiple Choice
Question 22 POST_UTME_UNIBEN • 2021 • ACCOUNTING • objective

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 is shared in the ratio 3:2, what is the amount of profit to be distributed to partner A?

Answer Options

Correct Answer A. ₦20,000
B. ₦30,000
C. ₦25,000
D. ₦40,000
Correct Answer
A
Correct Option:
₦20,000

About This Question

This is Post Utme Uniben 2021 Accounting Question 22. It is one of the objective questions from the 2021 Post Utme Uniben Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support