Post Utme Bowen University 2022 Accounting Question 24

Practice objective / multiple choice question 24 from the 2022 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2022 Accounting Objective / Multiple Choice

Question 24 POST_UTME_BOWEN_UNIVERSITY • 2022 • ACCOUNTING • objective

A partnership has the following capital accounts: Partner A 20,000, Partner B 30,000, and Partner C 10,000. If the partnership distributes 5,000 to each partner, what is the new balance of Partner A's capital account?

Answer Options

Correct Answer A. 25,000

B. 20,000

C. 15,000

D. 10,000

Correct Answer

Correct Option:

25,000

About This Question

This is Post Utme Bowen University 2022 Accounting Question 24. It is one of the objective questions from the 2022 Post Utme Bowen University Accounting examination.

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