Post Utme Caleb University 2019 Accounting Question 22

Practice objective / multiple choice question 22 from the 2019 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2019 Accounting Objective / Multiple Choice
Question 22 POST_UTME_CALEB_UNIVERSITY • 2019 • 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. If the partnership has a net income of ₦1,200,000, how much will partner A receive?

Answer Options

Correct Answer A. ₦720,000
B. ₦600,000
C. ₦480,000
D. ₦360,000
Correct Answer
A
Correct Option:
₦720,000

About This Question

This is Post Utme Caleb University 2019 Accounting Question 22. It is one of the objective questions from the 2019 Post Utme Caleb University Accounting examination.

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