Post Utme Uniben 2023 Accounting Question 12

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

Post Utme Uniben 2023 Accounting Objective / Multiple Choice
Question 12 POST_UTME_UNIBEN • 2023 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital accounts of A and B are £ 20,000 and £ 30,000 respectively. If the profit for the year is £ 10,000, how much will each partner receive?

Answer Options

A. A: £ 6,000, B: £ 4,000
B. A: £ 5,000, B: £ 5,000
Correct Answer C. A: £ 6,000, B: £ 4,000
D. A: £ 7,000, B: £ 3,000
Correct Answer
C
Correct Option:
A: £ 6,000, B: £ 4,000

About This Question

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

View More Post Utme Uniben 2023 Accounting Questions More Post Utme Uniben Practice Questions Back to Questions

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