Post Utme Futa 2017 Accounting Question 16
Practice objective / multiple choice question 16 from the 2017 Post Utme Futa Accounting examination.
In a partnership account, the capital of a partner who leaves the business is transferred to the remaining partners in the ratio of their current profits. If the capital of the departing partner is ₦120,000 and the current profits of the remaining partners are ₦80,000 and ₦60,000 respectively, what is the amount of capital that will be transferred to each partner?
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About This Question
This is Post Utme Futa 2017 Accounting Question 16. It is one of the objective questions from the 2017 Post Utme Futa Accounting examination.
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