Post Utme Lasu 2018 Accounting Question 2

Practice objective / multiple choice question 2 from the 2018 Post Utme Lasu Accounting examination.

Post Utme Lasu 2018 Accounting Objective / Multiple Choice
Question 2 POST_UTME_LASU • 2018 • ACCOUNTING • objective

A partnership between three individuals has the following capital balances: John ₦150,000, Mary ₦120,000, and David ₦100,000. If the profit-sharing ratio is 3:2:1, calculate the amount of profit to be distributed to each partner.

Answer Options

Correct Answer A. John: ₦45,000, Mary: ₦30,000, David: ₦15,000
B. John: ₦60,000, Mary: ₦40,000, David: ₦20,000
C. John: ₦75,000, Mary: ₦50,000, David: ₦25,000
D. John: ₦90,000, Mary: ₦60,000, David: ₦30,000
Correct Answer
A
Correct Option:
John: ₦45,000, Mary: ₦30,000, David: ₦15,000

About This Question

This is Post Utme Lasu 2018 Accounting Question 2. It is one of the objective questions from the 2018 Post Utme Lasu Accounting examination.

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