Post Utme Lautech 2024 Accounting Question 3
Practice objective / multiple choice question 3 from the 2024 Post Utme Lautech Accounting examination.
A partnership is formed by three individuals: A, B, and C. A contributes ₦100,000 cash, B contributes ₦80,000 cash, and C contributes ₦60,000 cash. The partnership agreement states that the profits and losses will be shared in the ratio 3:2:1. If the net income for the year is ₦120,000, how much will A receive?
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About This Question
This is Post Utme Lautech 2024 Accounting Question 3. It is one of the objective questions from the 2024 Post Utme Lautech Accounting examination.
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