Post Utme Igbinedion University 2020 Accounting Question 7

Practice objective / multiple choice question 7 from the 2020 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2020 Accounting Objective / Multiple Choice
Question 7 POST_UTME_IGBINEDION_UNIVERSITY • 2020 • 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 as their share of the net income?

Answer Options

Correct Answer A. ₦720,000
B. ₦600,000
C. ₦800,000
D. ₦900,000
Correct Answer
A
Correct Option:
₦720,000

About This Question

This is Post Utme Igbinedion University 2020 Accounting Question 7. It is one of the objective questions from the 2020 Post Utme Igbinedion University Accounting examination.

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