Post Utme Bowen University 2020 Accounting Question 4

Practice objective / multiple choice question 4 from the 2020 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2020 Accounting Objective / Multiple Choice
Question 4 POST_UTME_BOWEN_UNIVERSITY • 2020 • ACCOUNTING • objective

A partnership has two partners, A and B, who share profits and losses in the ratio 3:2. The partnership's capital account balance is ₦50,000. If A withdraws ₦10,000 from the partnership, what is the new balance of A's capital account?

Answer Options

Correct Answer A. ₦30,000
B. ₦35,000
C. ₦40,000
D. ₦45,000
Correct Answer
A
Correct Option:
₦30,000

About This Question

This is Post Utme Bowen University 2020 Accounting Question 4. It is one of the objective questions from the 2020 Post Utme Bowen University Accounting examination.

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