Post Utme Redeemers University 2020 Accounting Question 2
Practice objective / multiple choice question 2 from the 2020 Post Utme Redeemers University Accounting examination.
A partnership has two partners, A and B. The capital accounts of A and B are ₦200,000 and ₦300,000 respectively. The profit and loss account shows a profit of ₦50,000. The drawings of A and B are ₦20,000 and ₦30,000 respectively. What is the balance on A's capital account at the end of the year?
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About This Question
This is Post Utme Redeemers University 2020 Accounting Question 2. It is one of the objective questions from the 2020 Post Utme Redeemers University Accounting examination.
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