Post Utme Veritas University 2021 Accounting Question 19

Practice objective / multiple choice question 19 from the 2021 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2021 Accounting Objective / Multiple Choice
Question 19 POST_UTME_VERITAS_UNIVERSITY • 2021 • ACCOUNTING • objective

A firm's profit and loss account shows a net profit of ₦150,000. If the firm's capital is ₦200,000 and the drawings of the proprietor are ₦30,000, what is the amount of the proprietor's capital at the end of the year?

Answer Options

A. ₦170,000
B. ₦180,000
C. ₦190,000
Correct Answer D. ₦200,000
Correct Answer
D
Correct Option:
₦200,000

About This Question

This is Post Utme Veritas University 2021 Accounting Question 19. It is one of the objective questions from the 2021 Post Utme Veritas University Accounting examination.

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