Post Utme Uniport 2020 Accounting Question 12

Practice objective / multiple choice question 12 from the 2020 Post Utme Uniport Accounting examination.

Post Utme Uniport 2020 Accounting Objective / Multiple Choice
Question 12 POST_UTME_UNIPORT • 2020 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital accounts of A and B are ₦80,000 and ₦60,000 respectively. If the profit for the year is ₦20,000, what is the distribution of the profit?

Answer Options

Correct Answer A. ₦12,000 to A and ₦8,000 to B
B. ₦10,000 to A and ₦10,000 to B
C. ₦14,000 to A and ₦6,000 to B
D. ₦16,000 to A and ₦4,000 to B
Correct Answer
A
Correct Option:
₦12,000 to A and ₦8,000 to B

About This Question

This is Post Utme Uniport 2020 Accounting Question 12. It is one of the objective questions from the 2020 Post Utme Uniport Accounting examination.

View More Post Utme Uniport 2020 Accounting Questions More Post Utme Uniport Practice Questions Back to Questions

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