Post Utme Covenant University 2021 Accounting Question 7
Practice objective / multiple choice question 7 from the 2021 Post Utme Covenant University Accounting examination.
A partnership is formed by three individuals: A, B, and C. A contributes ₦200,000, B contributes ₦150,000, and C contributes ₦100,000. The profit-sharing ratio is 3:2:1. What is the total profit for the year if the total profit is ₦500,000?
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About This Question
This is Post Utme Covenant University 2021 Accounting Question 7. It is one of the objective questions from the 2021 Post Utme Covenant University Accounting examination.
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