Post Utme Unilorin 2017 Accounting Question 6

Practice objective / multiple choice question 6 from the 2017 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2017 Accounting Objective / Multiple Choice
Question 6 POST_UTME_UNILORIN • 2017 • 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 ₦20,000, what is the net effect on the total capital of the partnership?

Answer Options

Correct Answer A. ₦30,000 increase
B. ₦30,000 decrease
C. ₦10,000 increase
D. ₦10,000 decrease
Correct Answer
A
Correct Option:
₦30,000 increase

About This Question

This is Post Utme Unilorin 2017 Accounting Question 6. It is one of the objective questions from the 2017 Post Utme Unilorin Accounting examination.

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