Post Utme Babcock University 2021 Accounting Question 7
Practice objective / multiple choice question 7 from the 2021 Post Utme Babcock University Accounting examination.
A partnership has two partners, A and B, who share profits and losses in the ratio 3:2. The partnership's capital account balance as at December 31, 2021, is ₦50,000. If the partnership's profit for the year ended December 31, 2021, is ₦20,000, and the partners' drawings for the year are ₦10,000 and ₦5,000 respectively, what is the amount of the partners' capital account balance as at December 31, 2022?
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About This Question
This is Post Utme Babcock University 2021 Accounting Question 7. It is one of the objective questions from the 2021 Post Utme Babcock University Accounting examination.
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