Post Utme Al Hikmah University 2022 Accounting Question 17

Practice objective / multiple choice question 17 from the 2022 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2022 Accounting Objective / Multiple Choice
Question 17 POST_UTME_AL-HIKMAH_UNIVERSITY • 2022 • ACCOUNTING • objective

A partnership is formed between two individuals, A and B, with a capital of ₦500,000 each. After 6 months, A withdraws ₦100,000, while B invests an additional ₦50,000. Calculate the new ratio of A's and B's capital.

Answer Options

A. 1:1
B. 2:1
Correct Answer C. 3:2
D. 4:3
Correct Answer
C
Correct Option:
3:2

About This Question

This is Post Utme Al Hikmah University 2022 Accounting Question 17. It is one of the objective questions from the 2022 Post Utme Al Hikmah University Accounting examination.

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