Post Utme Wellspring University 2021 Accounting Question 2

Practice objective / multiple choice question 2 from the 2021 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2021 Accounting Objective / Multiple Choice
Question 2 POST_UTME_WELLSPRING_UNIVERSITY • 2021 • 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 ₦1,200,000, how much will partner A receive as their share of the net income?

Answer Options

Correct Answer A. ₦720,000
B. ₦800,000
C. ₦900,000
D. ₦1,000,000
Correct Answer
A
Correct Option:
₦720,000

About This Question

This is Post Utme Wellspring University 2021 Accounting Question 2. It is one of the objective questions from the 2021 Post Utme Wellspring University Accounting examination.

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