Post Utme Redeemers University 2024 Accounting Question 16

Practice objective / multiple choice question 16 from the 2024 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2024 Accounting Objective / Multiple Choice
Question 16 POST_UTME_REDEEMERS_UNIVERSITY • 2024 • ACCOUNTING • objective

A partnership is formed between two individuals, A and B, with a capital of ₦500,000 each. During the year, A contributes an additional ₦200,000, while B withdraws ₦50,000. The profit for the year is ₦150,000. Prepare the partnership's current account.

Answer Options

A. ₦250,000
Correct Answer B. ₦200,000
C. ₦300,000
D. ₦400,000
Correct Answer
B
Correct Option:
₦200,000

About This Question

This is Post Utme Redeemers University 2024 Accounting Question 16. It is one of the objective questions from the 2024 Post Utme Redeemers University Accounting examination.

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