Post Utme Al Hikmah University 2017 Accounting Question 31

Practice objective / multiple choice question 31 from the 2017 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2017 Accounting Objective / Multiple Choice
Question 31 POST_UTME_AL-HIKMAH_UNIVERSITY • 2017 • ACCOUNTING • objective

In a partnership account, the capital of a partner who has left the business is shown on the balance sheet as a liability. What is the name of this liability?

Answer Options

Correct Answer A. Withdrawn Capital
B. Distributable Profits
C. Capital Reserve
D. Profit Sharing Account
Correct Answer
A
Correct Option:
Withdrawn Capital

About This Question

This is Post Utme Al Hikmah University 2017 Accounting Question 31. It is one of the objective questions from the 2017 Post Utme Al Hikmah University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support