Post Utme Ksu 2024 Accounting Question 38

Practice objective / multiple choice question 38 from the 2024 Post Utme Ksu Accounting examination.

Post Utme Ksu 2024 Accounting Objective / Multiple Choice
Question 38 POST_UTME_KSU • 2024 • ACCOUNTING • objective

A company has two partners: A and B. Partner A has a 60% interest in the company and Partner B has a 40% interest. The company's profit for the year is ₦200,000. Partner A's drawings for the year are ₦50,000. What is Partner A's share of the profit?

Answer Options

A. ₦120,000
Correct Answer B. ₦140,000
C. ₦160,000
D. ₦180,000
Correct Answer
B
Correct Option:
₦140,000

About This Question

This is Post Utme Ksu 2024 Accounting Question 38. It is one of the objective questions from the 2024 Post Utme Ksu Accounting examination.

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