Post Utme Redeemers University 2020 Accounting Question 21

Practice objective / multiple choice question 21 from the 2020 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2020 Accounting Objective / Multiple Choice

Question 21 POST_UTME_REDEEMERS_UNIVERSITY • 2020 • ACCOUNTING • objective

In a partnership account, what is the correct method for calculating the capital of a partner who has been absent for a year?

Answer Options

A. Capital at the beginning of the year

B. Capital at the end of the year

Correct Answer C. Average capital for the year

D. Capital at the beginning of the year plus any drawings made during the year

Correct Answer

Correct Option:

Average capital for the year

About This Question

This is Post Utme Redeemers University 2020 Accounting Question 21. It is one of the objective questions from the 2020 Post Utme Redeemers University Accounting examination.

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