Post Utme Lautech 2022 Accounting Question 16

Practice objective / multiple choice question 16 from the 2022 Post Utme Lautech Accounting examination.

Post Utme Lautech 2022 Accounting Objective / Multiple Choice
Question 16 POST_UTME_LAUTECH • 2022 • ACCOUNTING • objective

The partners in a firm share profits and losses in the ratio 3:2:1. If the total profit for the year is ₦120,000, calculate the amount of profit that will be shared by each partner.

Answer Options

A. ₦30,000
B. ₦40,000
Correct Answer C. ₦60,000
D. ₦80,000
Correct Answer
C
Correct Option:
₦60,000

About This Question

This is Post Utme Lautech 2022 Accounting Question 16. It is one of the objective questions from the 2022 Post Utme Lautech Accounting examination.

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