Post Utme Uniben 2018 Accounting Question 8
Practice objective / multiple choice question 8 from the 2018 Post Utme Uniben Accounting examination.
A, B and C are partners in a firm sharing profits and losses in the ratio 3:2:1. Their respective capitals are ₦120,000, ₦80,000 and ₦60,000. The firm's profit for the year ended 31st December 2018 is ₦150,000. Calculate the amount of profit to be distributed to each partner.
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About This Question
This is Post Utme Uniben 2018 Accounting Question 8. It is one of the objective questions from the 2018 Post Utme Uniben Accounting examination.
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