Post Utme Mountain Top University 2025 Accounting Question 26

Practice objective / multiple choice question 26 from the 2025 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2025 Accounting Objective / Multiple Choice
Question 26 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2025 • ACCOUNTING • objective

In a partnership account, the capital of one partner is increased by ₦50,000 and the capital of another partner is decreased by ₦30,000. What is the net effect on the total capital of the partnership?

Answer Options

A. ₦20,000 increase
B. ₦20,000 decrease
Correct Answer C. ₦20,000 no change
D. ₦20,000 unknown
Correct Answer
C
Correct Option:
₦20,000 no change

About This Question

This is Post Utme Mountain Top University 2025 Accounting Question 26. It is one of the objective questions from the 2025 Post Utme Mountain Top University Accounting examination.

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