Post Utme Futa 2022 Accounting Question 12

Practice objective / multiple choice question 12 from the 2022 Post Utme Futa Accounting examination.

Post Utme Futa 2022 Accounting Objective / Multiple Choice
Question 12 POST_UTME_FUTA • 2022 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital accounts of A and B are ₦50,000 and ₦30,000 respectively. If the profit for the year is ₦20,000, and the drawings of A and B are ₦5,000 and ₦3,000 respectively, what is the balance in A's capital account?

Answer Options

Correct Answer A. ₦45,000
B. ₦50,000
C. ₦55,000
D. ₦60,000
Correct Answer
A
Correct Option:
₦45,000

About This Question

This is Post Utme Futa 2022 Accounting Question 12. It is one of the objective questions from the 2022 Post Utme Futa Accounting examination.

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