Post Utme Veritas University 2023 Accounting Question 35

Practice objective / multiple choice question 35 from the 2023 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2023 Accounting Objective / Multiple Choice
Question 35 POST_UTME_VERITAS_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's trading account shows a profit of ₦120,000. The balance on the profit and loss account is ₦80,000. The balance on the capital account is ₦250,000. What is the balance on the drawing account?

Answer Options

A. ₦30,000
B. ₦40,000
Correct Answer C. ₦50,000
D. ₦60,000
Correct Answer
C
Correct Option:
₦50,000

About This Question

This is Post Utme Veritas University 2023 Accounting Question 35. It is one of the objective questions from the 2023 Post Utme Veritas University Accounting examination.

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