Post Utme Nile University 2025 Accounting Question 7

Practice objective / multiple choice question 7 from the 2025 Post Utme Nile University Accounting examination.

Post Utme Nile University 2025 Accounting Objective / Multiple Choice
Question 7 POST_UTME_NILE_UNIVERSITY • 2025 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital accounts of A and B are ₦50,000 and ₦30,000 respectively. If the profit for the year is ₦20,000, and the drawings of A and B are ₦5,000 and ₦3,000 respectively, calculate the new capital balances of A and B.

Answer Options

Correct Answer A. A: ₦45,000, B: ₦27,000
B. A: ₦50,000, B: ₦30,000
C. A: ₦55,000, B: ₦35,000
D. A: ₦60,000, B: ₦40,000
Correct Answer
A
Correct Option:
A: ₦45,000, B: ₦27,000

About This Question

This is Post Utme Nile University 2025 Accounting Question 7. It is one of the objective questions from the 2025 Post Utme Nile University Accounting examination.

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