Post Utme Uniben 2023 Accounting Question 19

Practice objective / multiple choice question 19 from the 2023 Post Utme Uniben Accounting examination.

Post Utme Uniben 2023 Accounting Objective / Multiple Choice
Question 19 POST_UTME_UNIBEN • 2023 • ACCOUNTING • objective

A company has two partners, A and B, with capital contributions of ₦500,000 and ₦300,000 respectively. The company has a trial balance that shows a debit balance of ₦20,000 in the 'Drawings' account. Prepare the partners' capital accounts and the 'Drawings' account, assuming that the company is to be wound up.

Answer Options

Correct Answer A. ₦800,000
B. ₦700,000
C. ₦600,000
D. ₦500,000
Correct Answer
A
Correct Option:
₦800,000

About This Question

This is Post Utme Uniben 2023 Accounting Question 19. It is one of the objective questions from the 2023 Post Utme Uniben Accounting examination.

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