Post Utme Al Hikmah University 2017 Accounting Question 23

Practice objective / multiple choice question 23 from the 2017 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2017 Accounting Objective / Multiple Choice
Question 23 POST_UTME_AL-HIKMAH_UNIVERSITY • 2017 • ACCOUNTING • objective

A partnership has two partners, A and B. Partner A has a 60% interest in the partnership and Partner B has a 40% interest. The partnership has a net income of ₦500,000 for the year. How much of the net income will Partner A receive?

Answer Options

Correct Answer A. ₦300,000
B. ₦400,000
C. ₦500,000
D. ₦600,000
Correct Answer
A
Correct Option:
₦300,000

About This Question

This is Post Utme Al Hikmah University 2017 Accounting Question 23. It is one of the objective questions from the 2017 Post Utme Al Hikmah University Accounting examination.

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