Post Utme Al Hikmah University 2019 Accounting Question 16

Practice objective / multiple choice question 16 from the 2019 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2019 Accounting Objective / Multiple Choice
Question 16 POST_UTME_AL-HIKMAH_UNIVERSITY • 2019 • ACCOUNTING • objective

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 remaining partners is in the ratio 3:5 and the partner who leaves has a capital of ₦150,000, what is the total capital of the remaining partners?

Answer Options

A. ₦250,000
Correct Answer B. ₦375,000
C. ₦450,000
D. ₦525,000
Correct Answer
B
Correct Option:
₦375,000

About This Question

This is Post Utme Al Hikmah University 2019 Accounting Question 16. It is one of the objective questions from the 2019 Post Utme Al Hikmah University Accounting examination.

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