Post Utme Rsu 2019 Accounting Question 31

Practice objective / multiple choice question 31 from the 2019 Post Utme Rsu Accounting examination.

Post Utme Rsu 2019 Accounting Objective / Multiple Choice
Question 31 POST_UTME_RSU • 2019 • ACCOUNTING • objective

A partnership is formed between two individuals, A and B, with a capital of ₦200,000 each. During the year, A withdraws ₦50,000 for personal use, while B invests an additional ₦30,000. The partnership earns a profit of ₦150,000. Prepare the partnership's statement of profit or loss and the statement of changes in equity.

Answer Options

A. ₦200,000
Correct Answer B. ₦250,000
C. ₦300,000
D. ₦350,000
Correct Answer
B
Correct Option:
₦250,000

About This Question

This is Post Utme Rsu 2019 Accounting Question 31. It is one of the objective questions from the 2019 Post Utme Rsu Accounting examination.

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