Post Utme Uniosun 2019 Accounting Question 29

Practice objective / multiple choice question 29 from the 2019 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2019 Accounting Objective / Multiple Choice
Question 29 POST_UTME_UNIOSUN • 2019 • ACCOUNTING • objective

A company is owned by two partners, A and B. The capital accounts of A and B are ₦50,000 and ₦30,000 respectively. The company makes a profit of ₦20,000. How will the profit be divided between A and B?

Answer Options

A. ₦60,000 to A and ₦10,000 to B
B. ₦50,000 to A and ₦15,000 to B
Correct Answer C. ₦40,000 to A and ₦20,000 to B
D. ₦30,000 to A and ₦25,000 to B
Correct Answer
C
Correct Option:
₦40,000 to A and ₦20,000 to B

About This Question

This is Post Utme Uniosun 2019 Accounting Question 29. It is one of the objective questions from the 2019 Post Utme Uniosun Accounting examination.

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