Post Utme Al Hikmah University 2018 Accounting Question 4

Practice objective / multiple choice question 4 from the 2018 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2018 Accounting Objective / Multiple Choice
Question 4 POST_UTME_AL-HIKMAH_UNIVERSITY • 2018 • ACCOUNTING • objective

A partnership has the following capital accounts: | Partner | Capital | Drawing | Balance | | --- | --- | --- | --- | | A | ₦50,000 | ₦5,000 | ₦45,000 | | B | ₦30,000 | ₦3,000 | ₦27,000 | | C | ₦20,000 | ₦2,000 | ₦18,000 | The partnership has a profit of ₦15,000. What is the new balance of each partner's capital account?

Answer Options

Correct Answer A. A: ₦50,000, B: ₦33,000, C: ₦20,000
B. A: ₦55,000, B: ₦30,000, C: ₦20,000
C. A: ₦50,000, B: ₦30,000, C: ₦20,000
D. A: ₦45,000, B: ₦27,000, C: ₦18,000
Correct Answer
A
Correct Option:
A: ₦50,000, B: ₦33,000, C: ₦20,000

About This Question

This is Post Utme Al Hikmah University 2018 Accounting Question 4. It is one of the objective questions from the 2018 Post Utme Al Hikmah University Accounting examination.

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