Post Utme Osustech 2023 Accounting Question 37
Practice objective / multiple choice question 37 from the 2023 Post Utme Osustech Accounting examination.
A partnership consists of three partners, A, B, and C, who share profits and losses in the ratio 5:3:2. The capital of the partnership is ₦1,500,000, with A contributing ₦500,000, B contributing ₦300,000, and C contributing ₦700,000. Calculate the amount of profit to be distributed to each partner if the total profit for the year is ₦900,000.
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About This Question
This is Post Utme Osustech 2023 Accounting Question 37. It is one of the objective questions from the 2023 Post Utme Osustech Accounting examination.
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