Post Utme Esut 2019 Accounting Question 39

Practice objective / multiple choice question 39 from the 2019 Post Utme Esut Accounting examination.

Post Utme Esut 2019 Accounting Objective / Multiple Choice
Question 39 POST_UTME_ESUT • 2019 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2018 showed a capital of ₦1,500,000 and a reserve of ₦800,000. The company's profit and loss account for the year ended 31st December 2018 showed a net loss of ₦200,000. What is the amount of the company's capital after the loss?

Answer Options

Correct Answer A. ₦1,300,000
B. ₦1,400,000
C. ₦1,500,000
D. ₦1,600,000
Correct Answer
A
Correct Option:
₦1,300,000

About This Question

This is Post Utme Esut 2019 Accounting Question 39. It is one of the objective questions from the 2019 Post Utme Esut Accounting examination.

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