Post Utme Abu 2020 Accounting Question 28

Practice objective / multiple choice question 28 from the 2020 Post Utme Abu Accounting examination.

Post Utme Abu 2020 Accounting Objective / Multiple Choice
Question 28 POST_UTME_ABU • 2020 • ACCOUNTING • objective

A partnership has two partners, A and B. Partner A has a 60% share of the profits, while partner B has a 40% share. If the partnership's profit for the year ended 31st December 2020, is ₦500,000, how much will partner A receive as their share of the profit?

Answer Options

Correct Answer A. ₦300,000
B. ₦350,000
C. ₦400,000
D. ₦450,000
Correct Answer
A
Correct Option:
₦300,000

About This Question

This is Post Utme Abu 2020 Accounting Question 28. It is one of the objective questions from the 2020 Post Utme Abu Accounting examination.

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