Post Utme Lautech 2021 Accounting Question 31

Practice objective / multiple choice question 31 from the 2021 Post Utme Lautech Accounting examination.

Post Utme Lautech 2021 Accounting Objective / Multiple Choice
Question 31 POST_UTME_LAUTECH • 2021 • ACCOUNTING • objective

The partners in a firm share profits and losses in the ratio 3:5:7. If the total profit for the year is ₦1,500,000, calculate the amount of profit that will be distributed to each partner.

Answer Options

A. ₦150,000
Correct Answer B. ₦250,000
C. ₦350,000
D. ₦450,000
Correct Answer
B
Correct Option:
₦250,000

About This Question

This is Post Utme Lautech 2021 Accounting Question 31. It is one of the objective questions from the 2021 Post Utme Lautech Accounting examination.

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