Post Utme Veritas University 2023 Accounting Question 43

Practice objective / multiple choice question 43 from the 2023 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2023 Accounting Objective / Multiple Choice
Question 43 POST_UTME_VERITAS_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's profit and loss account shows a net loss of ₦150,000. 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
C. ₦50,000
Correct Answer D. ₦60,000
Correct Answer
D
Correct Option:
₦60,000

About This Question

This is Post Utme Veritas University 2023 Accounting Question 43. It is one of the objective questions from the 2023 Post Utme Veritas University Accounting examination.

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