Post Utme Greenfield University 2025 Accounting Question 29

Practice objective / multiple choice question 29 from the 2025 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2025 Accounting Objective / Multiple Choice

Question 29 POST_UTME_GREENFIELD_UNIVERSITY • 2025 • ACCOUNTING • objective

A partnership agreement between two partners, A and B, stated that A would receive 60% of the profits and B would receive 40%. If the total profit for the year was ₦ 120,000, calculate the amount of profit each partner would receive.

Answer Options

Correct Answer A. A: ₦ 72,000, B: ₦ 48,000

B. A: ₦ 60,000, B: ₦ 60,000

C. A: ₦ 48,000, B: ₦ 72,000

D. A: ₦ 80,000, B: ₦ 40,000

Correct Answer

Correct Option:

A: ₦ 72,000, B: ₦ 48,000

About This Question

This is Post Utme Greenfield University 2025 Accounting Question 29. It is one of the objective questions from the 2025 Post Utme Greenfield University Accounting examination.

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