Post Utme Elizade University 2020 Accounting Question 20

Practice objective / multiple choice question 20 from the 2020 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2020 Accounting Objective / Multiple Choice
Question 20 POST_UTME_ELIZADE_UNIVERSITY • 2020 • ACCOUNTING • objective

A company has a partnership with two partners: John and Jane. The partnership agreement states that John will receive 60% of the profits and Jane will receive 40% of the profits. If the partnership earns a profit of ₦1,500,000, how much will Jane receive?

Answer Options

A. ₦600,000
B. ₦700,000
C. ₦800,000
Correct Answer D. ₦900,000
Correct Answer
D
Correct Option:
₦900,000

About This Question

This is Post Utme Elizade University 2020 Accounting Question 20. It is one of the objective questions from the 2020 Post Utme Elizade University Accounting examination.

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