Post Utme Veritas University 2020 Accounting Question 17

Practice objective / multiple choice question 17 from the 2020 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2020 Accounting Objective / Multiple Choice
Question 17 POST_UTME_VERITAS_UNIVERSITY • 2020 • ACCOUNTING • objective

A partnership has two partners, A and B. Partner A invests 10,000 and Partner B invests 5,000. The partnership earns a profit of 3,000. How much will each partner receive as their share of the profit?

Answer Options

A. Partner A will receive 2,000 and Partner B will receive 1,000.
Correct Answer B. Partner A will receive 1,500 and Partner B will receive 1,500.
C. Partner A will receive 2,500 and Partner B will receive 500.
D. Partner A will receive 1,000 and Partner B will receive 2,000.
Correct Answer
B
Correct Option:
Partner A will receive 1,500 and Partner B will receive 1,500.

About This Question

This is Post Utme Veritas University 2020 Accounting Question 17. It is one of the objective questions from the 2020 Post Utme Veritas University Accounting examination.

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