Post Utme Uniosun 2025 Accounting Question 36

Practice objective / multiple choice question 36 from the 2025 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2025 Accounting Objective / Multiple Choice
Question 36 POST_UTME_UNIOSUN • 2025 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2024 shows a profit of ₦1,500,000. The balance on the capital account is ₦2,000,000. The company's balance sheet as at 31st December 2024 shows a total equity of ₦3,500,000. What is the amount of the company's drawings for the year?

Answer Options

Correct Answer A. ₦1,000,000
B. ₦1,500,000
C. ₦2,000,000
D. ₦2,500,000
Correct Answer
A
Correct Option:
₦1,000,000

About This Question

This is Post Utme Uniosun 2025 Accounting Question 36. It is one of the objective questions from the 2025 Post Utme Uniosun Accounting examination.

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