Post Utme Lasu 2017 Accounting Question 35

Practice objective / multiple choice question 35 from the 2017 Post Utme Lasu Accounting examination.

Post Utme Lasu 2017 Accounting Objective / Multiple Choice
Question 35 POST_UTME_LASU • 2017 • ACCOUNTING • objective

A company's profit and loss account shows a net profit of ₦500,000. If the company's capital was ₦1,000,000 at the beginning of the year and ₦1,200,000 at the end of the year, what is the owner's equity?

Answer Options

A. ₦700,000
B. ₦800,000
C. ₦900,000
Correct Answer D. ₦1,000,000
Correct Answer
D
Correct Option:
₦1,000,000

About This Question

This is Post Utme Lasu 2017 Accounting Question 35. It is one of the objective questions from the 2017 Post Utme Lasu Accounting examination.

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