Post Utme Esut 2017 Accounting Question 10

Practice objective / multiple choice question 10 from the 2017 Post Utme Esut Accounting examination.

Post Utme Esut 2017 Accounting Objective / Multiple Choice
Question 10 POST_UTME_ESUT • 2017 • ACCOUNTING • objective

A company's balance sheet at the beginning of the year shows a capital of ₦500,000. The company's balance sheet at the end of the year shows a capital of ₦550,000. The company's profit for the year ended December 31, 2022 is ₦150,000. What is the amount of the drawings of the proprietor?

Answer Options

A. ₦20,000
B. ₦30,000
Correct Answer C. ₦20,000
D. ₦30,000
Correct Answer
C
Correct Option:
₦20,000

About This Question

This is Post Utme Esut 2017 Accounting Question 10. It is one of the objective questions from the 2017 Post Utme Esut Accounting examination.

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