Post Utme Madonna University 2019 Accounting Question 36
Practice objective / multiple choice question 36 from the 2019 Post Utme Madonna University Accounting examination.
A company uses the single entry system of accounting. The following transactions were recorded in the journal during the year: Dr. Cash A/c ₦ 10,000 Cr. Capital A/c ₦ 10,000 Dr. Cash A/c ₦ 5,000 Cr. Expenses A/c ₦ 5,000 Dr. Capital A/c ₦ 15,000 Cr. Drawings A/c ₦ 15,000 What is the balance on the Capital A/c at the end of the year?
Answer Options
About This Question
This is Post Utme Madonna University 2019 Accounting Question 36. It is one of the objective questions from the 2019 Post Utme Madonna University Accounting examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.