Post Utme Covenant University 2019 Accounting Question 7

Practice objective / multiple choice question 7 from the 2019 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2019 Accounting Objective / Multiple Choice
Question 7 POST_UTME_COVENANT_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's trading account shows a profit of ₦200,000. The profit is transferred to the profit and loss account. The company's capital is increased by ₦100,000. What is the correct amount of the company's capital after the increase?

Answer Options

A. ₦300,000
B. ₦400,000
Correct Answer C. ₦500,000
D. ₦600,000
Correct Answer
C
Correct Option:
₦500,000

About This Question

This is Post Utme Covenant University 2019 Accounting Question 7. It is one of the objective questions from the 2019 Post Utme Covenant University Accounting examination.

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