Post Utme Madonna University 2018 Accounting Question 9

Practice objective / multiple choice question 9 from the 2018 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2018 Accounting Objective / Multiple Choice

Question 9 POST_UTME_MADONNA_UNIVERSITY • 2018 • ACCOUNTING • objective

A partnership has two partners, A and B. A has a 60% interest in the partnership and B has a 40% interest. The partnership has a profit of ₦100,000. Calculate the share of profit of each partner.

Answer Options

Correct Answer A. A: ₦60,000; B: ₦40,000

B. A: ₦40,000; B: ₦60,000

C. A: ₦50,000; B: ₦50,000

D. A: ₦0; B: ₦100,000

Correct Answer

Correct Option:

A: ₦60,000; B: ₦40,000

About This Question

This is Post Utme Madonna University 2018 Accounting Question 9. It is one of the objective questions from the 2018 Post Utme Madonna University Accounting examination.

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