Post Utme Wellspring University 2019 Accounting Question 11

Practice objective / multiple choice question 11 from the 2019 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2019 Accounting Objective / Multiple Choice
Question 11 POST_UTME_WELLSPRING_UNIVERSITY • 2019 • ACCOUNTING • objective

In a partnership account, the capital of each partner is recorded on the debit side of the capital account. Which of the following is true about the capital account?

Answer Options

A. The capital account is a nominal account.
Correct Answer B. The capital account is a real account.
C. The capital account is a temporary account.
D. The capital account is a permanent account.
Correct Answer
B
Correct Option:
The capital account is a real account.

About This Question

This is Post Utme Wellspring University 2019 Accounting Question 11. It is one of the objective questions from the 2019 Post Utme Wellspring University Accounting examination.

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