Post Utme Uniosun 2019 Accounting Question 16

Practice objective / multiple choice question 16 from the 2019 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2019 Accounting Objective / Multiple Choice
Question 16 POST_UTME_UNIOSUN • 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. If the profit for the year is 20,000, how much will each partner receive as their share of profit?

Answer Options

Correct Answer A. 10,000 and 10,000
B. 12,000 and 8,000
C. 15,000 and 5,000
D. 18,000 and 2,000
Correct Answer
A
Correct Option:
10,000 and 10,000

About This Question

This is Post Utme Uniosun 2019 Accounting Question 16. It is one of the objective questions from the 2019 Post Utme Uniosun Accounting examination.

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