Post Utme Esut 2021 Accounting Question 3

Practice objective / multiple choice question 3 from the 2021 Post Utme Esut Accounting examination.

Post Utme Esut 2021 Accounting Objective / Multiple Choice
Question 3 POST_UTME_ESUT • 2021 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital accounts of A and B at the beginning of the year were ₦100,000 and ₦150,000 respectively. During the year, A withdrew ₦20,000 and B introduced ₦30,000. The profit for the year was ₦60,000. Prepare the partners' capital accounts.

Answer Options

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

About This Question

This is Post Utme Esut 2021 Accounting Question 3. It is one of the objective questions from the 2021 Post Utme Esut Accounting examination.

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