Post Utme Afe Babalola University 2022 Accounting Question 33

Practice objective / multiple choice question 33 from the 2022 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2022 Accounting Objective / Multiple Choice
Question 33 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2022 • ACCOUNTING • objective

A company's trading account shows a profit of ₦150,000. The company's profit and loss account shows a net profit of ₦180,000. The company's balance sheet shows a net worth of ₦250,000. What is the amount of the company's capital reserves?

Answer Options

A. ₦50,000
B. ₦75,000
C. ₦100,000
Correct Answer D. ₦125,000
Correct Answer
D
Correct Option:
₦125,000

About This Question

This is Post Utme Afe Babalola University 2022 Accounting Question 33. It is one of the objective questions from the 2022 Post Utme Afe Babalola University Accounting examination.

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