Post Utme Noun 2017 Accounting Question 34
Practice objective / multiple choice question 34 from the 2017 Post Utme Noun Accounting examination.
A partnership account is prepared for the year ended 31st December 2022, showing a profit of ₦1,500,000. The capital of the partners is as follows: A, ₦500,000; B, ₦300,000; and C, ₦700,000. The drawings of the partners for the year are as follows: A, ₦50,000; B, ₦30,000; and C, ₦40,000. The profit is to be divided in the ratio of 3:2:1. Calculate the amount of profit to be shared by each partner.
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About This Question
This is Post Utme Noun 2017 Accounting Question 34. It is one of the objective questions from the 2017 Post Utme Noun Accounting examination.
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