Post Utme Bsu 2024 Accounting Question 6

Practice objective / multiple choice question 6 from the 2024 Post Utme Bsu Accounting examination.

Post Utme Bsu 2024 Accounting Objective / Multiple Choice
Question 6 POST_UTME_BSU • 2024 • ACCOUNTING • objective

A partnership has two partners, A and B, who share profits and losses in the ratio 3:2. The capital accounts of A and B at the beginning of the year were ₦120,000 and ₦80,000 respectively. During the year, A withdrew ₦20,000 and B introduced ₦10,000. The profit for the year was ₦50,000. Prepare the partners' capital accounts for the year.

Answer Options

Correct Answer A. A's capital account: ₦130,000; B's capital account: ₦90,000
B. A's capital account: ₦140,000; B's capital account: ₦80,000
C. A's capital account: ₦120,000; B's capital account: ₦90,000
D. A's capital account: ₦140,000; B's capital account: ₦100,000
Correct Answer
A
Correct Option:
A's capital account: ₦130,000; B's capital account: ₦90,000

About This Question

This is Post Utme Bsu 2024 Accounting Question 6. It is one of the objective questions from the 2024 Post Utme Bsu Accounting examination.

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