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Question 0

The partners capital are: Modibbo #60,000
and Jakata #90,000. The partners share
profit and losses in the ratio of their capital
contributions.
The net profit for the year is #12,000.

Find Modibbo's share of the profit

  • A.#62,000
  • B.#48,000
  • C.#44,000
  • D.#43,000
  • E.
Objective

Question details

Exam body
JAMB
Subject
Accounts - Principles of Accounts
Year
2012
Question no.
#0
Type
Objective
Previous · Q0Which of the following methods of invoicing goods to branches facilitate easy… Next · Q0 The partners capital are: Modibbo #60,000 and Jakata #90,000. The partners share…

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