Post Utme Noun 2017 Accounting Question 25
Practice objective / multiple choice question 25 from the 2017 Post Utme Noun Accounting examination.
A company's balance sheet at the beginning of the year shows a capital of ₦5,000,000 and a profit and loss account balance of ₦500,000. The company's trading account for the year ended 31st December 2022 shows a profit of ₦1,500,000. The company's balance sheet at the end of the year shows a capital of ₦6,500,000 and a profit and loss account balance of ₦2,000,000. Calculate the company's profit for the year ended 31st December 2022.
Answer Options
About This Question
This is Post Utme Noun 2017 Accounting Question 25. It is one of the objective questions from the 2017 Post Utme Noun Accounting examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.