Post Utme Bsu 2021 Accounting Question 14

Practice objective / multiple choice question 14 from the 2021 Post Utme Bsu Accounting examination.

Post Utme Bsu 2021 Accounting Objective / Multiple Choice
Question 14 POST_UTME_BSU • 2021 • ACCOUNTING • objective

A sole proprietorship has a balance of ₦500,000 in its capital account. The proprietor withdraws ₦100,000 from the business during the year. If the business has a net income of ₦200,000, what is the new balance in the proprietor's capital account?

Answer Options

A. ₦600,000
B. ₦700,000
Correct Answer C. ₦800,000
D. ₦900,000
Correct Answer
C
Correct Option:
₦800,000

About This Question

This is Post Utme Bsu 2021 Accounting Question 14. It is one of the objective questions from the 2021 Post Utme Bsu Accounting examination.

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