Post Utme Igbinedion University 2024 Accounting Question 35

Practice objective / multiple choice question 35 from the 2024 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2024 Accounting Objective / Multiple Choice
Question 35 POST_UTME_IGBINEDION_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's balance sheet as at 31st December, 2023, showed a capital of ₦1,500,000. The company's drawings for the year were ₦300,000. Calculate the company's profit for the year ended 31st December, 2023.

Answer Options

A. ₦1,200,000
Correct Answer B. ₦1,300,000
C. ₦1,400,000
D. ₦1,500,000
Correct Answer
B
Correct Option:
₦1,300,000

About This Question

This is Post Utme Igbinedion University 2024 Accounting Question 35. It is one of the objective questions from the 2024 Post Utme Igbinedion University Accounting examination.

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