Post Utme Lautech 2017 Accounting Question 7
Practice objective / multiple choice question 7 from the 2017 Post Utme Lautech Accounting examination.
A partnership is formed by three individuals: John, Mary, and David. John contributes ₦300,000, Mary contributes ₦200,000, and David contributes ₦100,000. The partnership agreement states that the profits and losses will be shared in the ratio 3:2:1. If the partnership makes a profit of ₦150,000, how much will John receive?
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About This Question
This is Post Utme Lautech 2017 Accounting Question 7. It is one of the objective questions from the 2017 Post Utme Lautech Accounting examination.
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