Post Utme Uniben 2019 Accounting Question 10

Practice objective / multiple choice question 10 from the 2019 Post Utme Uniben Accounting examination.

Post Utme Uniben 2019 Accounting Objective / Multiple Choice
Question 10 POST_UTME_UNIBEN • 2019 • ACCOUNTING • objective

In a partnership account, the capital of a partner who has left the business is shown as a liability on the balance sheet. What is the name of this liability?

Answer Options

A. Drawings Account
B. Capital Account
C. Profit and Loss Account
Correct Answer D. Partner's Loan
Correct Answer
D
Correct Option:
Partner's Loan

About This Question

This is Post Utme Uniben 2019 Accounting Question 10. It is one of the objective questions from the 2019 Post Utme Uniben Accounting examination.

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