Post Utme Futo 2021 Accounting Question 19

Practice objective / multiple choice question 19 from the 2021 Post Utme Futo Accounting examination.

Post Utme Futo 2021 Accounting Objective / Multiple Choice
Question 19 POST_UTME_FUTO • 2021 • ACCOUNTING • objective

A company's balance sheet shows a net worth of ₦1,200,000. Its profit and loss account shows a profit of ₦150,000. Its trading account shows a loss of ₦50,000. What is the company's capital?

Answer Options

A. ₦1,100,000
Correct Answer B. ₦1,200,000
C. ₦1,300,000
D. ₦1,400,000
Correct Answer
B
Correct Option:
₦1,200,000

About This Question

This is Post Utme Futo 2021 Accounting Question 19. It is one of the objective questions from the 2021 Post Utme Futo Accounting examination.

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