Post Utme Lautech 2018 Accounting Question 31

Practice objective / multiple choice question 31 from the 2018 Post Utme Lautech Accounting examination.

Post Utme Lautech 2018 Accounting Objective / Multiple Choice
Question 31 POST_UTME_LAUTECH • 2018 • ACCOUNTING • objective

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

Answer Options

Correct Answer A. Average Capital Method
B. Capital as per the Partnership Deed
C. Capital as per the last year's balance sheet
D. Capital as per the first year's balance sheet
Correct Answer
A
Correct Option:
Average Capital Method

About This Question

This is Post Utme Lautech 2018 Accounting Question 31. It is one of the objective questions from the 2018 Post Utme Lautech Accounting examination.

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