Post Utme Uniport 2020 Accounting Question 4

Practice objective / multiple choice question 4 from the 2020 Post Utme Uniport Accounting examination.

Post Utme Uniport 2020 Accounting Objective / Multiple Choice
Question 4 POST_UTME_UNIPORT • 2020 • ACCOUNTING • objective

A, B and C are partners sharing profits and losses in the ratio 3:2:1. Their capitals are ₦60,000, ₦40,000 and ₦20,000 respectively. The firm's profit for the year is ₦20,000. Prepare the partners' capital accounts.

Answer Options

Correct Answer A. A: ₦63,000, B: ₦41,000, C: ₦19,000
B. A: ₦61,000, B: ₦39,000, C: ₦21,000
C. A: ₦59,000, B: ₦37,000, C: ₦23,000
D. A: ₦57,000, B: ₦35,000, C: ₦25,000
Correct Answer
A
Correct Option:
A: ₦63,000, B: ₦41,000, C: ₦19,000

About This Question

This is Post Utme Uniport 2020 Accounting Question 4. It is one of the objective questions from the 2020 Post Utme Uniport Accounting examination.

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