Post Utme Rhema University 2021 Accounting Question 13

Practice objective / multiple choice question 13 from the 2021 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2021 Accounting Objective / Multiple Choice
Question 13 POST_UTME_RHEMA_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's trading account for the year shows a profit of ₦500,000. The company's profit and loss account shows a net profit of ₦750,000. Calculate the company's capital reserve.

Answer Options

Correct Answer A. ₦250,000
B. ₦300,000
C. ₦350,000
D. ₦400,000
Correct Answer
A
Correct Option:
₦250,000

About This Question

This is Post Utme Rhema University 2021 Accounting Question 13. It is one of the objective questions from the 2021 Post Utme Rhema University Accounting examination.

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