Post Utme Futo 2021 Accounting Question 17

Practice objective / multiple choice question 17 from the 2021 Post Utme Futo Accounting examination.

Post Utme Futo 2021 Accounting Objective / Multiple Choice
Question 17 POST_UTME_FUTO • 2021 • ACCOUNTING • objective

A company's trading account shows a profit of ₦250,000. Its profit and loss account shows a profit of ₦300,000. Its balance sheet shows a net worth of ₦1,500,000. What is the company's capital?

Answer Options

A. ₦1,200,000
B. ₦1,300,000
Correct Answer C. ₦1,500,000
D. ₦1,800,000
Correct Answer
C
Correct Option:
₦1,500,000

About This Question

This is Post Utme Futo 2021 Accounting Question 17. It is one of the objective questions from the 2021 Post Utme Futo Accounting examination.

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