Post Utme Christopher University 2024 Accounting Question 19

Practice objective / multiple choice question 19 from the 2024 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2024 Accounting Objective / Multiple Choice
Question 19 POST_UTME_CHRISTOPHER_UNIVERSITY • 2024 • ACCOUNTING • objective

A partnership of two partners, A and B, had a capital balance of ₦100,000 and ₦80,000 respectively. The partnership made a profit of ₦20,000. Calculate the new capital balance of each partner.

Answer Options

Correct Answer A. ₦120,000 and ₦88,000
B. ₦110,000 and ₦90,000
C. ₦130,000 and ₦70,000
D. ₦140,000 and ₦60,000
Correct Answer
A
Correct Option:
₦120,000 and ₦88,000

About This Question

This is Post Utme Christopher University 2024 Accounting Question 19. It is one of the objective questions from the 2024 Post Utme Christopher University Accounting examination.

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