Post Utme Joseph Ayo Babalola University 2021 Accounting Question 12

Practice objective / multiple choice question 12 from the 2021 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2021 Accounting Objective / Multiple Choice
Question 12 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2021 • ACCOUNTING • objective

A partnership is formed between two partners, A and B, with a capital of ₦200,000 and ₦300,000 respectively. After 2 years, A withdraws ₦50,000 and B adds ₦20,000. Calculate the new capital of the partnership.

Answer Options

A. ₦400,000
B. ₦450,000
Correct Answer C. ₦500,000
D. ₦550,000
Correct Answer
C
Correct Option:
₦500,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2021 Accounting Question 12. It is one of the objective questions from the 2021 Post Utme Joseph Ayo Babalola University Accounting examination.

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