Post Utme Unn 2018 Accounting Question 17

Practice objective / multiple choice question 17 from the 2018 Post Utme Unn Accounting examination.

Post Utme Unn 2018 Accounting Objective / Multiple Choice
Question 17 POST_UTME_UNN • 2018 • ACCOUNTING • objective

A partnership is formed between two individuals, A and B, with a capital contribution of ₦200,000 and ₦300,000, respectively. After one year, the partnership shows a profit of ₦100,000. How will the profit be divided between A and B?

Answer Options

A. ₦60,000 to A and ₦40,000 to B.
B. ₦50,000 to A and ₦50,000 to B.
Correct Answer C. ₦40,000 to A and ₦60,000 to B.
D. ₦30,000 to A and ₦70,000 to B.
Correct Answer
C
Correct Option:
₦40,000 to A and ₦60,000 to B.

About This Question

This is Post Utme Unn 2018 Accounting Question 17. It is one of the objective questions from the 2018 Post Utme Unn Accounting examination.

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