Post Utme Delsu 2017 Accounting Question 1
Practice objective / multiple choice question 1 from the 2017 Post Utme Delsu Accounting examination.
A company's trading account for the year ended 31st December 2022 shows a profit of ₦1,500,000. The balance on the profit and loss account is ₦200,000. The balance on the capital account of the partners is ₦500,000. The total amount of drawings made by the partners during the year is ₦300,000. Calculate the total amount of profit to be distributed among the partners.
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About This Question
This is Post Utme Delsu 2017 Accounting Question 1. It is one of the objective questions from the 2017 Post Utme Delsu Accounting examination.
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