Post Utme Elizade University 2021 Accounting Question 17

Practice objective / multiple choice question 17 from the 2021 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2021 Accounting Objective / Multiple Choice
Question 17 POST_UTME_ELIZADE_UNIVERSITY • 2021 • ACCOUNTING • objective

A partnership account shows the following balances: Capital: ₦200,000; Drawing: ₦50,000; Profit: ₦30,000. What is the correct order of the accounts in the partnership ledger?

Answer Options

Correct Answer A. Capital, Drawing, Profit
B. Profit, Drawing, Capital
C. Drawing, Capital, Profit
D. Profit, Capital, Drawing
Correct Answer
A
Correct Option:
Capital, Drawing, Profit

About This Question

This is Post Utme Elizade University 2021 Accounting Question 17. It is one of the objective questions from the 2021 Post Utme Elizade University Accounting examination.

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