Post Utme Covenant University 2018 Accounting Question 24

Practice objective / multiple choice question 24 from the 2018 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2018 Accounting Objective / Multiple Choice
Question 24 POST_UTME_COVENANT_UNIVERSITY • 2018 • ACCOUNTING • objective

A partnership has two partners, A and B. Partner A has a 60% interest in the partnership, while partner B has a 40% interest. If the partnership's profit is ₦180,000, how much will partner A receive?

Answer Options

Correct Answer A. ₦108,000
B. ₦90,000
C. ₦120,000
D. ₦150,000
Correct Answer
A
Correct Option:
₦108,000

About This Question

This is Post Utme Covenant University 2018 Accounting Question 24. It is one of the objective questions from the 2018 Post Utme Covenant University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support