Post Utme Lautech 2023 Accounting Question 6

Practice objective / multiple choice question 6 from the 2023 Post Utme Lautech Accounting examination.

Post Utme Lautech 2023 Accounting Objective / Multiple Choice

Question 6 POST_UTME_LAUTECH • 2023 • 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 three years?

Answer Options

A. Average capital method

B. Last year's capital method

Correct Answer C. Pro-rata time method

D. Capital at the beginning of the year method

Correct Answer

Correct Option:

Pro-rata time method

About This Question

This is Post Utme Lautech 2023 Accounting Question 6. It is one of the objective questions from the 2023 Post Utme Lautech Accounting examination.

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