Post Utme Elizade University 2024 Accounting Question 28

Practice objective / multiple choice question 28 from the 2024 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2024 Accounting Objective / Multiple Choice
Question 28 POST_UTME_ELIZADE_UNIVERSITY • 2024 • ACCOUNTING • objective

A company has a balance of ₦1,000,000 in its trading account. If the company's profit is ₦500,000, what is the balance in the company's profit and loss account?

Answer Options

Correct Answer A. ₦1,500,000
B. ₦1,000,000
C. ₦500,000
D. ₦0
Correct Answer
A
Correct Option:
₦1,500,000

About This Question

This is Post Utme Elizade University 2024 Accounting Question 28. It is one of the objective questions from the 2024 Post Utme Elizade University Accounting examination.

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