Post Utme Lasu 2023 Accounting Question 19

Practice objective / multiple choice question 19 from the 2023 Post Utme Lasu Accounting examination.

Post Utme Lasu 2023 Accounting Objective / Multiple Choice
Question 19 POST_UTME_LASU • 2023 • ACCOUNTING • objective

A partnership has three partners: A, B, and C. The profit-sharing ratio is 2:3:5. If the total profit for the year ended 31st December 2022, is ₦1,500,000, calculate the amount of profit to be distributed to each partner.

Answer Options

A. ₦600,000
B. ₦900,000
Correct Answer C. ₦1,200,000
D. ₦1,500,000
Correct Answer
C
Correct Option:
₦1,200,000

About This Question

This is Post Utme Lasu 2023 Accounting Question 19. It is one of the objective questions from the 2023 Post Utme Lasu Accounting examination.

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