Post Utme Redeemers University 2021 Accounting Question 37

Practice objective / multiple choice question 37 from the 2021 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2021 Accounting Objective / Multiple Choice
Question 37 POST_UTME_REDEEMERS_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2020, showed the following balances: ₦150,000 in the trading account, ₦120,000 in the profit and loss account, ₦250,000 in the capital account and ₦30,000 in the drawings account. What is the balance on the profit and loss appropriation account?

Answer Options

A. ₦80,000
Correct Answer B. ₦120,000
C. ₦150,000
D. ₦180,000
Correct Answer
B
Correct Option:
₦120,000

About This Question

This is Post Utme Redeemers University 2021 Accounting Question 37. It is one of the objective questions from the 2021 Post Utme Redeemers University Accounting examination.

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