Post Utme Pan Atlantic University 2018 Accounting Question 21

Practice objective / multiple choice question 21 from the 2018 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2018 Accounting Objective / Multiple Choice
Question 21 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2018 • ACCOUNTING • objective

A partnership between two individuals, John and Jane, has the following capital accounts: John's capital account has a balance of ₦150,000 and Jane's capital account has a balance of ₦100,000. If the partnership's total assets are valued at ₦400,000, what is the value of the partnership's liabilities?

Answer Options

A. ₦50,000
B. ₦75,000
C. ₦100,000
Correct Answer D. ₦125,000
Correct Answer
D
Correct Option:
₦125,000

About This Question

This is Post Utme Pan Atlantic University 2018 Accounting Question 21. It is one of the objective questions from the 2018 Post Utme Pan Atlantic University Accounting examination.

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