Post Utme Lasu 2018 Accounting Question 14
Practice objective / multiple choice question 14 from the 2018 Post Utme Lasu Accounting examination.
A company's balance sheet as at 31st December 2022 showed the following balances: Share Capital ₦150,000, Profit and Loss Account ₦80,000, Drawings ₦20,000. The company made a profit of ₦120,000 during the year. What is the new balance on the profit and loss account?
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About This Question
This is Post Utme Lasu 2018 Accounting Question 14. It is one of the objective questions from the 2018 Post Utme Lasu Accounting examination.
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