Post Utme Lautech 2019 Accounting Question 14

Practice objective / multiple choice question 14 from the 2019 Post Utme Lautech Accounting examination.

Post Utme Lautech 2019 Accounting Objective / Multiple Choice
Question 14 POST_UTME_LAUTECH • 2019 • ACCOUNTING • objective

A partnership has the following capital accounts: Partner A: ₦50,000 Partner B: ₦30,000 Partner C: ₦20,000 The partnership also has the following drawings: Partner A: ₦10,000 Partner B: ₦5,000 Partner C: ₦3,000 What is the total capital of the partnership?

Answer Options

A. ₦100,000
B. ₦110,000
Correct Answer C. ₦120,000
D. ₦130,000
Correct Answer
C
Correct Option:
₦120,000

About This Question

This is Post Utme Lautech 2019 Accounting Question 14. It is one of the objective questions from the 2019 Post Utme Lautech Accounting examination.

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