Post Utme Ims U 2020 Accounting Question 7

Practice objective / multiple choice question 7 from the 2020 Post Utme Ims U Accounting examination.

Post Utme Ims U 2020 Accounting Objective / Multiple Choice
Question 7 POST_UTME_IMS_U • 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's net income is ₦150,000, how much will Partner A receive in salary?

Answer Options

Correct Answer A. ₦90,000
B. ₦60,000
C. ₦80,000
D. ₦120,000
Correct Answer
A
Correct Option:
₦90,000

About This Question

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

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