Post Utme Summit University 2024 Accounting Question 12

Practice objective / multiple choice question 12 from the 2024 Post Utme Summit University Accounting examination.

Post Utme Summit University 2024 Accounting Objective / Multiple Choice
Question 12 POST_UTME_SUMMIT_UNIVERSITY • 2024 • ACCOUNTING • objective

A partnership has two partners, A and B. Partner A has a capital balance of 10,000 and a drawing of 2,000. Partner B has a capital balance of 8,000 and a drawing of 1,000. What is the total amount of drawings by the partners?

Answer Options

A. ₦3,000
B. ₦4,000
Correct Answer C. ₦5,000
D. ₦6,000
Correct Answer
C
Correct Option:
₦5,000

About This Question

This is Post Utme Summit University 2024 Accounting Question 12. It is one of the objective questions from the 2024 Post Utme Summit University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support