Post Utme Madonna University 2022 Accounting Question 20

Practice objective / multiple choice question 20 from the 2022 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2022 Accounting Objective / Multiple Choice
Question 20 POST_UTME_MADONNA_UNIVERSITY • 2022 • ACCOUNTING • objective

A company has a profit of ₦500,000. If the company's capital is ₦1,000,000 and the drawings are ₦200,000, what is the amount of the dividend to be distributed?

Answer Options

A. ₦300,000
Correct Answer B. ₦400,000
C. ₦500,000
D. ₦600,000
Correct Answer
B
Correct Option:
₦400,000

About This Question

This is Post Utme Madonna University 2022 Accounting Question 20. It is one of the objective questions from the 2022 Post Utme Madonna University Accounting examination.

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