Post Utme Unilag 2019 Accounting Question 25

Practice objective / multiple choice question 25 from the 2019 Post Utme Unilag Accounting examination.

Post Utme Unilag 2019 Accounting Objective / Multiple Choice
Question 25 POST_UTME_UNILAG • 2019 • 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-sharing ratio is 3:2. What is the distribution of profit between A and B?

Answer Options

Correct Answer A. ₦90,000 to A, ₦60,000 to B
B. ₦60,000 to A, ₦90,000 to B
C. ₦120,000 to A, ₦80,000 to B
D. ₦80,000 to A, ₦120,000 to B
Correct Answer
A
Correct Option:
₦90,000 to A, ₦60,000 to B

About This Question

This is Post Utme Unilag 2019 Accounting Question 25. It is one of the objective questions from the 2019 Post Utme Unilag Accounting examination.

View More Post Utme Unilag 2019 Accounting Questions More Post Utme Unilag 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