Post Utme Wellspring University 2017 Accounting Question 16
Practice objective / multiple choice question 16 from the 2017 Post Utme Wellspring University Accounting examination.
In a partnership account, the capital of a partner who leaves the business is transferred to the remaining partners in the ratio of their existing capitals. If the capital of the leaving partner is ₦ 50,000 and the existing capitals of the remaining partners are ₦ 30,000 and ₦ 40,000 respectively, what is the amount of capital to be transferred to the partner with ₦ 40,000 capital?
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About This Question
This is Post Utme Wellspring University 2017 Accounting Question 16. It is one of the objective questions from the 2017 Post Utme Wellspring University Accounting examination.
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