Post Utme Mountain Top University 2022 Accounting Question 26

Practice objective / multiple choice question 26 from the 2022 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2022 Accounting Objective / Multiple Choice
Question 26 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2022 • ACCOUNTING • objective

In a partnership account, the capital of a partner is increased by ₦50,000. The partner's drawings for the year are ₦20,000. The partner's share of profit is ₦30,000. What is the partner's new capital balance?

Answer Options

A. ₦80,000
Correct Answer B. ₦90,000
C. ₦100,000
D. ₦110,000
Correct Answer
B
Correct Option:
₦90,000

About This Question

This is Post Utme Mountain Top University 2022 Accounting Question 26. It is one of the objective questions from the 2022 Post Utme Mountain Top University Accounting examination.

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