Post Utme Uniport 2024 Accounting Question 27

Practice objective / multiple choice question 27 from the 2024 Post Utme Uniport Accounting examination.

Post Utme Uniport 2024 Accounting Objective / Multiple Choice
Question 27 POST_UTME_UNIPORT • 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. The partnership's profit is ₦100,000. How much profit will each partner receive?

Answer Options

Correct Answer A. Partner A will receive ₦60,000 and partner B will receive ₦40,000.
B. Partner A will receive ₦40,000 and partner B will receive ₦60,000.
C. Partner A will receive ₦80,000 and partner B will receive ₦20,000.
D. Partner A will receive ₦20,000 and partner B will receive ₦80,000.
Correct Answer
A
Correct Option:
Partner A will receive ₦60,000 and partner B will receive ₦40,000.

About This Question

This is Post Utme Uniport 2024 Accounting Question 27. It is one of the objective questions from the 2024 Post Utme Uniport Accounting examination.

View More Post Utme Uniport 2024 Accounting Questions More Post Utme Uniport Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support