Post Utme Oau 2023 Accounting Question 35

Practice objective / multiple choice question 35 from the 2023 Post Utme Oau Accounting examination.

Post Utme Oau 2023 Accounting Objective / Multiple Choice
Question 35 POST_UTME_OAU • 2023 • ACCOUNTING • objective

A company has a capital of ₦500,000 and a reserve of ₦200,000. If the company makes a profit of ₦150,000, what is the new capital and reserve?

Answer Options

A. ₦650,000 and ₦250,000
B. ₦700,000 and ₦300,000
Correct Answer C. ₦750,000 and ₦350,000
D. ₦800,000 and ₦400,000
Correct Answer
C
Correct Option:
₦750,000 and ₦350,000

About This Question

This is Post Utme Oau 2023 Accounting Question 35. It is one of the objective questions from the 2023 Post Utme Oau Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support