Post Utme Aaua 2023 Accounting Question 1

Practice objective / multiple choice question 1 from the 2023 Post Utme Aaua Accounting examination.

Post Utme Aaua 2023 Accounting Objective / Multiple Choice
Question 1 POST_UTME_AAUA • 2023 • ACCOUNTING • objective

In a partnership account, if the capital of one partner is increased by ₦50,000 and the capital of another partner is decreased by ₦30,000, what is the net effect on the total capital of the partnership?

Answer Options

A. ₦20,000 increase
B. ₦20,000 decrease
Correct Answer C. ₦20,000 no change
D. ₦20,000 unknown
Correct Answer
C
Correct Option:
₦20,000 no change

About This Question

This is Post Utme Aaua 2023 Accounting Question 1. It is one of the objective questions from the 2023 Post Utme Aaua Accounting examination.

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