Post Utme Veritas University 2022 Accounting Question 16
Practice objective / multiple choice question 16 from the 2022 Post Utme Veritas University Accounting examination.
A company's trading account for the year ended 31st December 2022, showed a profit of ₦1,500,000. The balance sheet as at 31st December 2021, showed a capital of ₦3,000,000 and a profit and loss account balance of ₦1,200,000. The company's profit for the year ended 31st December 2022, was ₦1,500,000. Calculate the company's capital as at 31st December 2022.
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About This Question
This is Post Utme Veritas University 2022 Accounting Question 16. It is one of the objective questions from the 2022 Post Utme Veritas University Accounting examination.
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