Post Utme Afe Babalola University 2020 Accounting Question 11
Practice objective / multiple choice question 11 from the 2020 Post Utme Afe Babalola University Accounting examination.
In a partnership account, the capital of a partner who leaves the business is transferred to the remaining partners in the ratio of their existing capitals. If the capital of the leaving partner is ₦250,000 and the existing capitals of the remaining partners are ₦150,000 and ₦200,000, respectively, what is the amount of capital that the partner with ₦150,000 will receive from the leaving partner?
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About This Question
This is Post Utme Afe Babalola University 2020 Accounting Question 11. It is one of the objective questions from the 2020 Post Utme Afe Babalola University Accounting examination.
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