Post Utme Lautech 2022 Accounting Question 29

Practice objective / multiple choice question 29 from the 2022 Post Utme Lautech Accounting examination.

Post Utme Lautech 2022 Accounting Objective / Multiple Choice
Question 29 POST_UTME_LAUTECH • 2022 • ACCOUNTING • objective

A partnership has the following capital accounts: A: ₦200,000, B: ₦300,000, C: ₦400,000 The profit for the year is ₦100,000. The profit is divided in the ratio 2:3:4. Calculate the amount of profit to be distributed to each partner.

Answer Options

Correct Answer A. A: ₦40,000, B: ₦60,000, C: ₦80,000
B. A: ₦50,000, B: ₦75,000, C: ₦100,000
C. A: ₦60,000, B: ₦90,000, C: ₦120,000
D. A: ₦70,000, B: ₦105,000, C: ₦140,000
Correct Answer
A
Correct Option:
A: ₦40,000, B: ₦60,000, C: ₦80,000

About This Question

This is Post Utme Lautech 2022 Accounting Question 29. It is one of the objective questions from the 2022 Post Utme Lautech Accounting examination.

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