Post Utme Coal City University 2017 Accounting Question 12

Practice objective / multiple choice question 12 from the 2017 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2017 Accounting Objective / Multiple Choice
Question 12 POST_UTME_COAL_CITY_UNIVERSITY • 2017 • 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 ₦100,000 and ₦80,000 respectively. During the year, A withdrew ₦20,000 and B introduced ₦10,000. Prepare the partners' capital accounts for the year.

Answer Options

A. ₦120,000
B. ₦140,000
Correct Answer C. ₦160,000
D. ₦180,000
Correct Answer
C
Correct Option:
₦160,000

About This Question

This is Post Utme Coal City University 2017 Accounting Question 12. It is one of the objective questions from the 2017 Post Utme Coal City University Accounting examination.

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