Post Utme Unilorin 2019 Accounting Question 36
Practice objective / multiple choice question 36 from the 2019 Post Utme Unilorin Accounting examination.
A company's trading account for the year ended 31st December 2022 shows a profit of ₦1,500,000. The company's balance sheet at the beginning of the year showed a capital of ₦3,000,000 and drawings of ₦800,000. The company's profit-sharing ratio is 3:2:1. Calculate the amount of profit to be distributed to each partner.
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About This Question
This is Post Utme Unilorin 2019 Accounting Question 36. It is one of the objective questions from the 2019 Post Utme Unilorin Accounting examination.
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