Post Utme Greenfield University 2018 Accounting Question 20

Practice objective / multiple choice question 20 from the 2018 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2018 Accounting Objective / Multiple Choice
Question 20 POST_UTME_GREENFIELD_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's trading account shows a loss of ₦200,000. If the company's capital introduced by the proprietor is ₦400,000 and its drawings are ₦150,000, what is the amount of the company's profit available for distribution?

Answer Options

A. ₦250,000
B. ₦300,000
C. ₦350,000
Correct Answer D. ₦400,000
Correct Answer
D
Correct Option:
₦400,000

About This Question

This is Post Utme Greenfield University 2018 Accounting Question 20. It is one of the objective questions from the 2018 Post Utme Greenfield University Accounting examination.

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