Post Utme Unilag 2024 Accounting Question 7

Practice objective / multiple choice question 7 from the 2024 Post Utme Unilag Accounting examination.

Post Utme Unilag 2024 Accounting Objective / Multiple Choice
Question 7 POST_UTME_UNILAG • 2024 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital accounts of A and B are ₦100,000 and ₦200,000 respectively. The profit-sharing ratio is 3:2. If the profit for the year is ₦100,000, how much will each partner receive?

Answer Options

Correct Answer A. A: ₦30,000, B: ₤20,000
B. A: ₦40,000, B: ₣60,000
C. A: ₦50,000, B: ₣50,000
D. A: ₦60,000, B: ₣40,000
Correct Answer
A
Correct Option:
A: ₦30,000, B: ₤20,000

About This Question

This is Post Utme Unilag 2024 Accounting Question 7. It is one of the objective questions from the 2024 Post Utme Unilag Accounting examination.

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