Post Utme Uniosun 2025 Accounting Question 16

Practice objective / multiple choice question 16 from the 2025 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2025 Accounting Objective / Multiple Choice
Question 16 POST_UTME_UNIOSUN • 2025 • ACCOUNTING • objective

A partnership is formed by two individuals, A and B, with a capital of ₦500,000 each. During the year, A withdraws ₦100,000 for personal use, while B invests an additional ₦200,000. The partnership earns a profit of ₦750,000. Prepare the partnership's trading and profit and loss account for the year.

Answer Options

A. ₦1,250,000
B. ₦1,300,000
Correct Answer C. ₦1,350,000
D. ₦1,400,000
Correct Answer
C
Correct Option:
₦1,350,000

About This Question

This is Post Utme Uniosun 2025 Accounting Question 16. It is one of the objective questions from the 2025 Post Utme Uniosun Accounting examination.

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