Post Utme Unilorin 2024 Accounting Question 9

Practice objective / multiple choice question 9 from the 2024 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2024 Accounting Objective / Multiple Choice
Question 9 POST_UTME_UNILORIN • 2024 • 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. If the partnership has a net income of ₦50,000, what is the correct allocation of the net income to each partner?

Answer Options

Correct Answer A. Partner A: ₦30,000, Partner B: ₦20,000
B. Partner A: ₦20,000, Partner B: ₦30,000
C. Partner A: ₦40,000, Partner B: ₦10,000
D. Partner A: ₦10,000, Partner B: ₦40,000
Correct Answer
A
Correct Option:
Partner A: ₦30,000, Partner B: ₦20,000

About This Question

This is Post Utme Unilorin 2024 Accounting Question 9. It is one of the objective questions from the 2024 Post Utme Unilorin Accounting examination.

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