Post Utme Oau 2020 Accounting Question 31

Practice objective / multiple choice question 31 from the 2020 Post Utme Oau Accounting examination.

Post Utme Oau 2020 Accounting Objective / Multiple Choice
Question 31 POST_UTME_OAU • 2020 • 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. If the original capital of the first partner was ₦120,000 and the original capital of the second partner was ₦80,000, what is the new total capital of the partnership?

Answer Options

Correct Answer A. ₦180,000
B. ₦170,000
C. ₦160,000
D. ₦150,000
Correct Answer
A
Correct Option:
₦180,000

About This Question

This is Post Utme Oau 2020 Accounting Question 31. It is one of the objective questions from the 2020 Post Utme Oau 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