Post Utme Veritas University 2023 Accounting Question 1

Practice objective / multiple choice question 1 from the 2023 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2023 Accounting Objective / Multiple Choice
Question 1 POST_UTME_VERITAS_UNIVERSITY • 2023 • ACCOUNTING • objective

In a partnership account, if the capital of one partner is increased by ₦10,000 and the capital of the other partner is decreased by ₦8,000, what is the net effect on the total capital of the partnership?

Answer Options

Correct Answer A. ₦2,000 increase
B. ₦1,000 increase
C. ₦2,000 decrease
D. ₦1,000 decrease
Correct Answer
A
Correct Option:
₦2,000 increase

About This Question

This is Post Utme Veritas University 2023 Accounting Question 1. It is one of the objective questions from the 2023 Post Utme Veritas University Accounting examination.

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