Post Utme Unilorin 2019 Accounting Question 38
Practice objective / multiple choice question 38 from the 2019 Post Utme Unilorin Accounting examination.
A company's balance sheet at the beginning of the year showed a capital of ₦2,500,000 and drawings of ₦1,000,000. The company's profit for the year ended 31st December 2022 is ₦1,500,000. The company's profit-sharing ratio is 2:3:1. 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 38. It is one of the objective questions from the 2019 Post Utme Unilorin Accounting examination.
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