Post Utme Uniben 2025 Accounting Question 1

Practice objective / multiple choice question 1 from the 2025 Post Utme Uniben Accounting examination.

Post Utme Uniben 2025 Accounting Objective / Multiple Choice

Question 1 POST_UTME_UNIBEN • 2025 • ACCOUNTING • objective

A partnership is dissolved when a partner dies. What is the accounting treatment for the deceased partner's share of profits?

Answer Options

Correct Answer A. The deceased partner's share of profits is written off against the partner's capital account.

B. The deceased partner's share of profits is transferred to the partner's estate.

C. The deceased partner's share of profits is distributed among the remaining partners.

D. The deceased partner's share of profits is not distributed until the partnership is wound up.

Correct Answer

Correct Option:

The deceased partner's share of profits is written off against the partner's capital account.

About This Question

This is Post Utme Uniben 2025 Accounting Question 1. It is one of the objective questions from the 2025 Post Utme Uniben Accounting examination.

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