Post Utme Skyline University 2020 Accounting Question 4

Practice objective / multiple choice question 4 from the 2020 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2020 Accounting Objective / Multiple Choice
Question 4 POST_UTME_SKYLINE_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's profit for the year ended 31st December 2019 was ₦1,800,000. The company's capital was ₦600,000 and the drawings of the proprietor were ₦60,000. Calculate the proprietor's capital at the end of the year.

Answer Options

A. ₦640,000
B. ₦740,000
Correct Answer C. ₦840,000
D. ₦940,000
Correct Answer
C
Correct Option:
₦840,000

About This Question

This is Post Utme Skyline University 2020 Accounting Question 4. It is one of the objective questions from the 2020 Post Utme Skyline University Accounting examination.

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