Post Utme Ksu 2020 Accounting Question 8

Practice objective / multiple choice question 8 from the 2020 Post Utme Ksu Accounting examination.

Post Utme Ksu 2020 Accounting Objective / Multiple Choice

Question 8 POST_UTME_KSU • 2020 • ACCOUNTING • objective

A partnership has two partners, A and B. The partnership's trial balance shows a debit balance of ₦10,000 in the account 'A's Capital'. What is the correct treatment for this discrepancy?

Correct Answer A. Debit the A's Capital account and credit the Profit or Loss account

B. Credit the A's Capital account and debit the Profit or Loss account

C. Debit the A's Capital account and credit the B's Capital account

D. Credit the A's Capital account and debit the B's Capital account

Correct Answer

Correct Option:

Debit the A's Capital account and credit the Profit or Loss account

This is Post Utme Ksu 2020 Accounting Question 8. It is one of the objective questions from the 2020 Post Utme Ksu Accounting examination.

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