Post Utme Ksu 2022 Accounting Question 11

Practice objective / multiple choice question 11 from the 2022 Post Utme Ksu Accounting examination.

Post Utme Ksu 2022 Accounting Objective / Multiple Choice

Question 11 POST_UTME_KSU • 2022 • ACCOUNTING • objective

In a partnership account, what is the correct method for calculating the capital of a partner who has been absent for a year?

Correct Answer A. Capital is calculated based on the partner's average capital over the year.

B. Capital is calculated based on the partner's capital at the beginning of the year.

C. Capital is calculated based on the partner's capital at the end of the year.

D. Capital is calculated based on the partner's capital at the beginning and end of the year.

Correct Answer

Correct Option:

Capital is calculated based on the partner's average capital over the year.

This is Post Utme Ksu 2022 Accounting Question 11. It is one of the objective questions from the 2022 Post Utme Ksu Accounting examination.

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