Post Utme Futo 2022 Accounting Question 22

Practice objective / multiple choice question 22 from the 2022 Post Utme Futo Accounting examination.

Post Utme Futo 2022 Accounting Objective / Multiple Choice
Question 22 POST_UTME_FUTO • 2022 • 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's net income is ₦1,200,000, what is partner A's share of the net income?

Answer Options

Correct Answer A. ₦720,000
B. ₦800,000
C. ₦900,000
D. ₦1,000,000
Correct Answer
A
Correct Option:
₦720,000

About This Question

This is Post Utme Futo 2022 Accounting Question 22. It is one of the objective questions from the 2022 Post Utme Futo Accounting examination.

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