WAEC Accounting 2020 Objective — Question 14

Question 14 of 50 from the West African Examinations Council (WAEC) Accounting 2020 Objective paper, with the correct answer and a full explanation.

Bubu's share of profit is

A. N16,000
B. N12,000Correct
C. N8,000
D. N4,000

Explanation

Share of profit is shared in proportion to capital contribution. Bubu's capital = N30,000 (of total capital N90,000 across the partners), giving Bubu a share of profit = N12,000.

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