Post Utme Futa 2019 Accounting Question 13
Practice objective / multiple choice question 13 from the 2019 Post Utme Futa Accounting examination.
A company's balance sheet as at 31st December 2018 showed a capital of ₦2,000,000 and a profit and loss account balance of ₦500,000. If the company's capital as at 31st December 2019 is ₦3,500,000 and the profit for the year ended 31st December 2019 is ₦1,500,000, what is the amount of drawings made by the proprietor during the year?
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About This Question
This is Post Utme Futa 2019 Accounting Question 13. It is one of the objective questions from the 2019 Post Utme Futa Accounting examination.
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