Post Utme Noun 2020 Accounting Question 28

Practice objective / multiple choice question 28 from the 2020 Post Utme Noun Accounting examination.

Post Utme Noun 2020 Accounting Objective / Multiple Choice
Question 28 POST_UTME_NOUN • 2020 • ACCOUNTING • objective

A partnership has two partners, A and B. The partnership's capital account balance is ₦100,000. Partner A's capital account balance is ₦50,000, and Partner B's capital account balance is ₦50,000. If Partner A withdraws ₦20,000 from the partnership, what is the new balance of Partner B's capital account?

Answer Options

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

About This Question

This is Post Utme Noun 2020 Accounting Question 28. It is one of the objective questions from the 2020 Post Utme Noun Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support