Post Utme Bsu 2021 Accounting Question 15

Practice objective / multiple choice question 15 from the 2021 Post Utme Bsu Accounting examination.

Post Utme Bsu 2021 Accounting Objective / Multiple Choice
Question 15 POST_UTME_BSU • 2021 • ACCOUNTING • objective

A partnership has a balance of ₦1,000,000 in its capital account. The partners withdraw ₦200,000 from the business during the year. If the business has a net income of ₦300,000, what is the new balance in the partnership's capital account?

Answer Options

A. ₦1,200,000
B. ₦1,300,000
Correct Answer C. ₦1,400,000
D. ₦1,500,000
Correct Answer
C
Correct Option:
₦1,400,000

About This Question

This is Post Utme Bsu 2021 Accounting Question 15. It is one of the objective questions from the 2021 Post Utme Bsu Accounting examination.

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