Post Utme Futa 2024 Accounting Question 21

Practice objective / multiple choice question 21 from the 2024 Post Utme Futa Accounting examination.

Post Utme Futa 2024 Accounting Objective / Multiple Choice
Question 21 POST_UTME_FUTA • 2024 • ACCOUNTING • objective

In a partnership account, the capital of one partner is increased by ₦50,000, while the capital of another partner is decreased by ₦30,000. What is the net effect on the total capital of the partnership?

Answer Options

A. ₦20,000 increase
B. ₦20,000 decrease
Correct Answer C. ₦20,000 no change
D. ₦20,000 unknown
Correct Answer
C
Correct Option:
₦20,000 no change

About This Question

This is Post Utme Futa 2024 Accounting Question 21. It is one of the objective questions from the 2024 Post Utme Futa Accounting examination.

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