Post Utme Greenfield University 2024 Accounting Question 23

Practice objective / multiple choice question 23 from the 2024 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2024 Accounting Objective / Multiple Choice
Question 23 POST_UTME_GREENFIELD_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2022 is as follows: Assets: ₦500,000; Liabilities: ₦300,000; Capital: ₦200,000. If the company made a profit of ₦50,000 in 2023, what will be the new capital?

Answer Options

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

About This Question

This is Post Utme Greenfield University 2024 Accounting Question 23. It is one of the objective questions from the 2024 Post Utme Greenfield University Accounting examination.

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