Post Utme Rhema University 2018 Accounting Question 38

Practice objective / multiple choice question 38 from the 2018 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2018 Accounting Objective / Multiple Choice

Question 38 POST_UTME_RHEMA_UNIVERSITY • 2018 • 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 makes a profit of ₦100,000, how much will each partner receive?

Answer Options

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

B. Partner A: ₦40,000, Partner B: ₦60,000

C. Partner A: ₦80,000, Partner B: ₦20,000

D. Partner A: ₦20,000, Partner B: ₦80,000

Correct Answer

Correct Option:

Partner A: ₦60,000, Partner B: ₦40,000

About This Question

This is Post Utme Rhema University 2018 Accounting Question 38. It is one of the objective questions from the 2018 Post Utme Rhema University Accounting examination.

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