Post Utme Lautech 2021 Accounting Question 13

Practice objective / multiple choice question 13 from the 2021 Post Utme Lautech Accounting examination.

Post Utme Lautech 2021 Accounting Objective / Multiple Choice
Question 13 POST_UTME_LAUTECH • 2021 • ACCOUNTING • objective

A company's balance sheet shows a total of ₦500,000. The trading account shows a profit of ₦120,000. The profit and loss account shows a balance of ₦80,000. What is the balance on the capital account?

Answer Options

A. ₦150,000
B. ₦200,000
Correct Answer C. ₦250,000
D. ₦300,000
Correct Answer
C
Correct Option:
₦250,000

About This Question

This is Post Utme Lautech 2021 Accounting Question 13. It is one of the objective questions from the 2021 Post Utme Lautech Accounting examination.

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