Post Utme Redeemers University 2021 Accounting Question 40
Practice objective / multiple choice question 40 from the 2021 Post Utme Redeemers University Accounting examination.
A company's trading account for the year ended 31st December 2020, showed a profit of ₦120,000. The balance on the profit and loss account was ₦150,000. The balance on the capital account of the owner was ₦250,000. The balance on the drawings account was ₦30,000. What is the balance on the profit and loss appropriation account?
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This is Post Utme Redeemers University 2021 Accounting Question 40. It is one of the objective questions from the 2021 Post Utme Redeemers University Accounting examination.
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