Post Utme Madonna University 2018 Accounting Question 8

Practice objective / multiple choice question 8 from the 2018 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2018 Accounting Objective / Multiple Choice
Question 8 POST_UTME_MADONNA_UNIVERSITY • 2018 • ACCOUNTING • objective

A company has the following ledger balances: Capital: ₦100,000; Profit: ₦20,000; Drawings: ₦10,000. Prepare the trial balance.

Answer Options

A. Capital: ₦100,000; Profit: ₦20,000; Drawings: ₦10,000
B. Capital: ₦90,000; Profit: ₦30,000; Drawings: ₦0
C. Capital: ₦110,000; Profit: ₦20,000; Drawings: ₦10,000
Correct Answer D. Capital: ₦100,000; Profit: ₦20,000; Drawings: ₦10,000
Correct Answer
D
Correct Option:
Capital: ₦100,000; Profit: ₦20,000; Drawings: ₦10,000

About This Question

This is Post Utme Madonna University 2018 Accounting Question 8. It is one of the objective questions from the 2018 Post Utme Madonna University Accounting examination.

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