Post Utme Skyline University 2018 Accounting Question 11
Practice objective / multiple choice question 11 from the 2018 Post Utme Skyline University Accounting examination.
A company's trading account for the year ended 31st December 2022, showed a profit of ₦120,000. The balance on the profit and loss account was ₦150,000. The balance on the capital account was ₦200,000. The balance on the drawings account was ₦30,000. What is the balance on the profit and loss account after the appropriation?
Answer Options
About This Question
This is Post Utme Skyline University 2018 Accounting Question 11. It is one of the objective questions from the 2018 Post Utme Skyline University Accounting examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.