Post Utme Caleb University 2025 Accounting Question 21

Practice objective / multiple choice question 21 from the 2025 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2025 Accounting Objective / Multiple Choice
Question 21 POST_UTME_CALEB_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2024 shows a profit of ₦1,500,000. The balance on the profit and loss account is ₦500,000. The balance on the retained earnings account is ₦200,000. What is the balance on the capital account?

Answer Options

A. ₦1,200,000
B. ₦1,300,000
C. ₦1,400,000
Correct Answer D. ₦1,500,000
Correct Answer
D
Correct Option:
₦1,500,000

About This Question

This is Post Utme Caleb University 2025 Accounting Question 21. It is one of the objective questions from the 2025 Post Utme Caleb University Accounting examination.

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