Post Utme Veritas University 2019 Accounting Question 28

Practice objective / multiple choice question 28 from the 2019 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2019 Accounting Objective / Multiple Choice

Question 28 POST_UTME_VERITAS_UNIVERSITY • 2019 • ACCOUNTING • objective

A company has a partnership account. The journal entry to record the admission of a new partner, C, who brings in ₦50,000 cash is:

Answer Options

A. Debit C's Capital 50,000, Credit Cash 50,000

B. Debit Cash 50,000, Credit C's Capital 50,000

C. Debit C's Capital 50,000, Credit Bank 50,000

D. Debit Bank 50,000, Credit C's Capital 50,000

Correct Answer

N/A

About This Question

This is Post Utme Veritas University 2019 Accounting Question 28. It is one of the objective questions from the 2019 Post Utme Veritas University Accounting examination.

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