Post Utme Bells University 2022 Accounting Question 13

Practice objective / multiple choice question 13 from the 2022 Post Utme Bells University Accounting examination.

Post Utme Bells University 2022 Accounting Objective / Multiple Choice
Question 13 POST_UTME_BELLS_UNIVERSITY • 2022 • ACCOUNTING • objective

In a partnership account, what is the formula for calculating the capital of a partner who has been absent for a year?

Answer Options

Correct Answer A. Capital = (Total Capital x Number of Years) / Number of Partners
B. Capital = (Total Capital x Number of Partners) / Number of Years
C. Capital = (Total Capital x Number of Years) / (Number of Partners + 1)
D. Capital = (Total Capital x Number of Partners) / (Number of Years + 1)
Correct Answer
A
Correct Option:
Capital = (Total Capital x Number of Years) / Number of Partners

About This Question

This is Post Utme Bells University 2022 Accounting Question 13. It is one of the objective questions from the 2022 Post Utme Bells University Accounting examination.

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