Post Utme Lautech 2024 Accounting Question 11

Practice objective / multiple choice question 11 from the 2024 Post Utme Lautech Accounting examination.

Post Utme Lautech 2024 Accounting Objective / Multiple Choice
Question 11 POST_UTME_LAUTECH • 2024 • ACCOUNTING • objective

A company's trading account shows a profit of ₦150,000. However, the profit and loss account shows a loss of ₦75,000. What is the net effect on the company's equity?

Answer Options

Correct Answer A. ₦75,000 decrease
B. ₦75,000 increase
C. ₦150,000 decrease
D. ₦150,000 increase
Correct Answer
A
Correct Option:
₦75,000 decrease

About This Question

This is Post Utme Lautech 2024 Accounting Question 11. It is one of the objective questions from the 2024 Post Utme Lautech Accounting examination.

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