Post Utme Rsu 2020 Accounting Question 8

Practice objective / multiple choice question 8 from the 2020 Post Utme Rsu Accounting examination.

Post Utme Rsu 2020 Accounting Objective / Multiple Choice
Question 8 POST_UTME_RSU • 2020 • ACCOUNTING • objective

A partnership is formed between two partners, A and B, with a capital of ₦100,000 and ₦80,000 respectively. The partnership agreement states that A will receive 60% of the profits and B will receive 40%. If the profit for the year is ₦120,000, how much will A receive?

Answer Options

Correct Answer A. ₦72,000
B. ₦80,000
C. ₦90,000
D. ₦100,000
Correct Answer
A
Correct Option:
₦72,000

About This Question

This is Post Utme Rsu 2020 Accounting Question 8. It is one of the objective questions from the 2020 Post Utme Rsu Accounting examination.

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