Post Utme Redeemers University 2017 Accounting Question 2

Practice objective / multiple choice question 2 from the 2017 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2017 Accounting Objective / Multiple Choice
Question 2 POST_UTME_REDEEMERS_UNIVERSITY • 2017 • ACCOUNTING • objective

A company has two partners, A and B. Partner A has a 60% interest in the business and partner B has a 40% interest. If the company's profit for the year is ₦1,200,000, determine the amount of profit to be shared by partner A.

Answer Options

Correct Answer A. ₦720,000
B. ₦800,000
C. ₦900,000
D. ₦1,000,000
Correct Answer
A
Correct Option:
₦720,000

About This Question

This is Post Utme Redeemers University 2017 Accounting Question 2. It is one of the objective questions from the 2017 Post Utme Redeemers University Accounting examination.

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