Post Utme Veritas University 2018 Commerce Question 36

Practice objective / multiple choice question 36 from the 2018 Post Utme Veritas University Commerce examination.

Post Utme Veritas University 2018 Commerce Objective / Multiple Choice
Question 36 POST_UTME_VERITAS_UNIVERSITY • 2018 • COMMERCE • objective

A company's sole trader has an initial capital of ₦250,000. If the company's profit is ₦150,000 and the sole trader's drawings are ₦30,000, what is the sole trader's capital at the end of the year?

Answer Options

A. ₦320,000
B. ₦350,000
Correct Answer C. ₦380,000
D. ₦410,000
Correct Answer
C
Correct Option:
₦380,000

About This Question

This is Post Utme Veritas University 2018 Commerce Question 36. It is one of the objective questions from the 2018 Post Utme Veritas University Commerce examination.

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