Post Utme Lasu 2021 Accounting Question 31

Practice objective / multiple choice question 31 from the 2021 Post Utme Lasu Accounting examination.

Post Utme Lasu 2021 Accounting Objective / Multiple Choice
Question 31 POST_UTME_LASU • 2021 • ACCOUNTING • objective

In a partnership account, if a partner's capital is overdrawn by ₦50,000, and the partner's share of profit is ₦20,000, what is the partner's new capital balance?

Answer Options

A. ₦30,000
B. ₦40,000
C. ₦50,000
Correct Answer D. ₦60,000
Correct Answer
D
Correct Option:
₦60,000

About This Question

This is Post Utme Lasu 2021 Accounting Question 31. It is one of the objective questions from the 2021 Post Utme Lasu Accounting examination.

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