Post Utme Veritas University 2019 Accounting Question 37

Practice objective / multiple choice question 37 from the 2019 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2019 Accounting Objective / Multiple Choice
Question 37 POST_UTME_VERITAS_UNIVERSITY • 2019 • ACCOUNTING • objective

A company has two partners, A and B. Partner A has a 60% interest in the company, and partner B has a 40% interest. If the company's profit is ₦240,000, and partner A's drawings are ₦40,000, what is partner B's share of the profit?

Answer Options

A. ₦120,000
Correct Answer B. ₦160,000
C. ₦180,000
D. ₦200,000
Correct Answer
B
Correct Option:
₦160,000

About This Question

This is Post Utme Veritas University 2019 Accounting Question 37. It is one of the objective questions from the 2019 Post Utme Veritas University Accounting examination.

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