Post Utme Unilorin 2022 Accounting Question 34

Practice objective / multiple choice question 34 from the 2022 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2022 Accounting Objective / Multiple Choice
Question 34 POST_UTME_UNILORIN • 2022 • ACCOUNTING • objective

A partnership has two partners, John and Jane. The partnership's capital accounts are shown below. Identify the error in the capital accounts.

Answer Options

A. John's capital account is 10,000, but Jane's capital account is 15,000.
Correct Answer B. John's capital account is 15,000, but Jane's capital account is 10,000.
C. John's capital account is 20,000, but Jane's capital account is 25,000.
D. John's capital account is 25,000, but Jane's capital account is 20,000.
Correct Answer
B
Correct Option:
John's capital account is 15,000, but Jane's capital account is 10,000.

About This Question

This is Post Utme Unilorin 2022 Accounting Question 34. It is one of the objective questions from the 2022 Post Utme Unilorin Accounting examination.

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