Post Utme Lasu 2018 Accounting Question 11
Practice objective / multiple choice question 11 from the 2018 Post Utme Lasu Accounting examination.
A company's trading account for the year ended 31st December 2022 showed a profit of ₦120,000. The balance on the profit and loss account was ₦80,000. The balance on the capital account was ₦150,000. The balance on the drawings account was ₦20,000. The balance on the profit sharing account was ₦30,000. What is the balance on the profit sharing account after the profit of ₦120,000 has been divided among the partners?
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About This Question
This is Post Utme Lasu 2018 Accounting Question 11. It is one of the objective questions from the 2018 Post Utme Lasu Accounting examination.
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