Post Utme Nile University 2019 Accounting Question 16

Practice objective / multiple choice question 16 from the 2019 Post Utme Nile University Accounting examination.

Post Utme Nile University 2019 Accounting Objective / Multiple Choice
Question 16 POST_UTME_NILE_UNIVERSITY • 2019 • ACCOUNTING • objective

In a partnership account, the capital of one partner is withdrawn and the remaining partners' capitals are adjusted proportionally. What is the effect on the partners' capitals?

Answer Options

A. The capitals of the remaining partners increase proportionally.
B. The capitals of the remaining partners decrease proportionally.
C. The capitals of the remaining partners remain unchanged.
Correct Answer D. The capitals of the remaining partners are adjusted proportionally.
Correct Answer
D
Correct Option:
The capitals of the remaining partners are adjusted proportionally.

About This Question

This is Post Utme Nile University 2019 Accounting Question 16. It is one of the objective questions from the 2019 Post Utme Nile University Accounting examination.

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