Post Utme Afe Babalola University 2024 Accounting Question 2

Practice objective / multiple choice question 2 from the 2024 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2024 Accounting Objective / Multiple Choice
Question 2 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2024 • ACCOUNTING • objective

A partnership has three partners: A, B, and C. The capital accounts of the partners at the beginning of the year were ₦50,000, ₦30,000, and ₦20,000 respectively. During the year, A withdrew ₦10,000, B introduced ₦5,000, and C withdrew ₦2,000. The profit for the year was ₦15,000. Prepare the partners' capital accounts at the end of the year.

Answer Options

Correct Answer A. A: ₦45,000, B: ₦35,000, C: ₦22,000
B. A: ₦40,000, B: ₦35,000, C: ₦25,000
C. A: ₦50,000, B: ₦35,000, C: ₦20,000
D. A: ₦45,000, B: ₦30,000, C: ₦25,000
Correct Answer
A
Correct Option:
A: ₦45,000, B: ₦35,000, C: ₦22,000

About This Question

This is Post Utme Afe Babalola University 2024 Accounting Question 2. It is one of the objective questions from the 2024 Post Utme Afe Babalola University Accounting examination.

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