Post Utme Unilag 2019 Accounting Question 36

Practice objective / multiple choice question 36 from the 2019 Post Utme Unilag Accounting examination.

Post Utme Unilag 2019 Accounting Objective / Multiple Choice
Question 36 POST_UTME_UNILAG • 2019 • ACCOUNTING • objective

In a partnership account, if the capital of one partner is increased by ₦50,000 and the capital of another partner is decreased by ₦30,000, what is the net effect on the total capital of the partnership?

Answer Options

A. ₦20,000 increase
B. ₦20,000 decrease
Correct Answer C. ₦20,000 no change
D. ₦20,000 unknown
Correct Answer
C
Correct Option:
₦20,000 no change

About This Question

This is Post Utme Unilag 2019 Accounting Question 36. It is one of the objective questions from the 2019 Post Utme Unilag Accounting examination.

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