Post Utme Lasu 2023 Accounting Question 20
Practice objective / multiple choice question 20 from the 2023 Post Utme Lasu Accounting examination.
A company's trading account for the year ended 31st December 2022, showed a profit of ₦1,500,000. The balance on the capital account of the owner was ₦3,000,000. The company's profit-sharing ratio is 2:3:5. Calculate the amount of profit to be distributed to each partner.
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About This Question
This is Post Utme Lasu 2023 Accounting Question 20. It is one of the objective questions from the 2023 Post Utme Lasu Accounting examination.
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