Post Utme Bsu 2024 Accounting Question 29

Practice objective / multiple choice question 29 from the 2024 Post Utme Bsu Accounting examination.

Post Utme Bsu 2024 Accounting Objective / Multiple Choice
Question 29 POST_UTME_BSU • 2024 • ACCOUNTING • objective

A company's profit and loss account shows a net profit of ₦100,000. The company's balance sheet shows an increase in share capital of ₦50,000 and a decrease in reserves of ₦20,000. Calculate the net increase in shareholders' funds.

Answer Options

A. ₦30,000
B. ₦40,000
Correct Answer C. ₦50,000
D. ₦60,000
Correct Answer
C
Correct Option:
₦50,000

About This Question

This is Post Utme Bsu 2024 Accounting Question 29. It is one of the objective questions from the 2024 Post Utme Bsu Accounting examination.

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