Post Utme Al Hikmah University 2019 Accounting Question 6

Practice objective / multiple choice question 6 from the 2019 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2019 Accounting Objective / Multiple Choice
Question 6 POST_UTME_AL-HIKMAH_UNIVERSITY • 2019 • ACCOUNTING • objective

A partnership is formed between two individuals, A and B, with a capital of ₦100,000 each. After 6 months, A withdraws ₦20,000 and B adds ₦15,000. Calculate the new capital of the partnership.

Answer Options

A. ₦115,000
B. ₦120,000
Correct Answer C. ₦125,000
D. ₦130,000
Correct Answer
C
Correct Option:
₦125,000

About This Question

This is Post Utme Al Hikmah University 2019 Accounting Question 6. It is one of the objective questions from the 2019 Post Utme Al Hikmah University Accounting examination.

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