Post Utme Uniosun 2023 Accounting Question 7

Practice objective / multiple choice question 7 from the 2023 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2023 Accounting Objective / Multiple Choice
Question 7 POST_UTME_UNIOSUN • 2023 • ACCOUNTING • objective

A partnership has the following capital accounts: Partner A: 1. Initial Capital 2. Additional Capital 3. Withdrawal 4. Share of Profit Partner B: 1. Initial Capital 2. Additional Capital 3. Withdrawal 4. Share of Profit What is the correct method of calculating the capital accounts?

Answer Options

A. Simple Interest
B. Compound Interest
C. Partnership Capital Account Method
Correct Answer D. Joint Capital Account Method
Correct Answer
D
Correct Option:
Joint Capital Account Method

About This Question

This is Post Utme Uniosun 2023 Accounting Question 7. It is one of the objective questions from the 2023 Post Utme Uniosun Accounting examination.

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