Post Utme Abu 2023 Accounting Question 34

Practice objective / multiple choice question 34 from the 2023 Post Utme Abu Accounting examination.

Post Utme Abu 2023 Accounting Objective / Multiple Choice
Question 34 POST_UTME_ABU • 2023 • ACCOUNTING • objective

A partnership agreement between two partners, John and Mary, states that John will receive 60% of the profits and Mary will receive 40%. The partnership's profit for the year is ₦120,000. What is John's share of the profit?

Answer Options

Correct Answer A. ₦72,000
B. ₦80,000
C. ₦90,000
D. ₦100,000
Correct Answer
A
Correct Option:
₦72,000

About This Question

This is Post Utme Abu 2023 Accounting Question 34. It is one of the objective questions from the 2023 Post Utme Abu Accounting examination.

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