Post Utme Nile University 2022 Accounting Question 32

Practice objective / multiple choice question 32 from the 2022 Post Utme Nile University Accounting examination.

Post Utme Nile University 2022 Accounting Objective / Multiple Choice
Question 32 POST_UTME_NILE_UNIVERSITY • 2022 • 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. The partnership's net income for the year was ₦1,200,000. If partner A's drawings were ₦200,000, how much of the net income should be allocated to partner A?

Answer Options

A. ₦720,000
B. ₦800,000
Correct Answer C. ₦840,000
D. ₦960,000
Correct Answer
C
Correct Option:
₦840,000

About This Question

This is Post Utme Nile University 2022 Accounting Question 32. It is one of the objective questions from the 2022 Post Utme Nile University Accounting examination.

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