Post Utme Unilag 2021 Accounting Question 21

Practice objective / multiple choice question 21 from the 2021 Post Utme Unilag Accounting examination.

Post Utme Unilag 2021 Accounting Objective / Multiple Choice
Question 21 POST_UTME_UNILAG • 2021 • ACCOUNTING • objective

A partnership is formed between two individuals, A and B, with a capital contribution of ₦500,000 and ₦300,000 respectively. If the partnership earns a profit of ₦200,000, and A's share of the profit is ₦80,000, what is B's share of the profit?

Answer Options

A. ₦120,000
Correct Answer B. ₦80,000
C. ₦100,000
D. ₦120,000
Correct Answer
B
Correct Option:
₦80,000

About This Question

This is Post Utme Unilag 2021 Accounting Question 21. It is one of the objective questions from the 2021 Post Utme Unilag Accounting examination.

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