Post Utme Lautech 2021 Accounting Question 15

Practice objective / multiple choice question 15 from the 2021 Post Utme Lautech Accounting examination.

Post Utme Lautech 2021 Accounting Objective / Multiple Choice
Question 15 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 drawing account?

Answer Options

Correct Answer A. ₦30,000
B. ₦60,000
C. ₦90,000
D. ₦120,000
Correct Answer
A
Correct Option:
₦30,000

About This Question

This is Post Utme Lautech 2021 Accounting Question 15. It is one of the objective questions from the 2021 Post Utme Lautech Accounting examination.

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