Post Utme Madonna University 2021 Accounting Question 38
Practice objective / multiple choice question 38 from the 2021 Post Utme Madonna University Accounting examination.
The partners of XYZ Partnership, which was formed on January 1, 2018, have the following capital accounts: A = ₦100,000, B = ₦150,000, and C = ₦200,000. If the profit for the year ended December 31, 2018, was ₦50,000, and the partners' drawings for the year were A = ₦20,000, B = ₦30,000, and C = ₦40,000, what is the total amount of the partners' capital at the end of the year?
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About This Question
This is Post Utme Madonna University 2021 Accounting Question 38. It is one of the objective questions from the 2021 Post Utme Madonna University Accounting examination.
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