Post Utme Bowen University 2017 Accounting Question 42

Practice objective / multiple choice question 42 from the 2017 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2017 Accounting Objective / Multiple Choice
Question 42 POST_UTME_BOWEN_UNIVERSITY • 2017 • ACCOUNTING • objective

A partnership has two partners, A and B. Partner A has a 70% interest in the profits and losses, while Partner B has a 30% interest. If the net profit for the year is ₦180,000, calculate the amount of profit to be distributed to Partner A.

Answer Options

Correct Answer A. ₦126,000
B. ₦126,000
C. ₦126,000
D. ₦126,000
Correct Answer
A
Correct Option:
₦126,000

About This Question

This is Post Utme Bowen University 2017 Accounting Question 42. It is one of the objective questions from the 2017 Post Utme Bowen University Accounting examination.

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