Post Utme Uniport 2018 Commerce Question 13

Practice objective / multiple choice question 13 from the 2018 Post Utme Uniport Commerce examination.

Post Utme Uniport 2018 Commerce Objective / Multiple Choice

Question 13 POST_UTME_UNIPORT • 2018 • COMMERCE • objective

A company's financial statement shows a net loss of ₦500,000. What is the accounting treatment for this?

Answer Options

A. Debit the Profit and Loss Account

Correct Answer B. Credit the Profit and Loss Account

C. Debit the Capital Account

D. Credit the Capital Account

Correct Answer

Correct Option:

Credit the Profit and Loss Account

About This Question

This is Post Utme Uniport 2018 Commerce Question 13. It is one of the objective questions from the 2018 Post Utme Uniport Commerce examination.

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