Post Utme Aaua 2018 Accounting Question 4

Practice objective / multiple choice question 4 from the 2018 Post Utme Aaua Accounting examination.

Post Utme Aaua 2018 Accounting Objective / Multiple Choice
Question 4 POST_UTME_AAUA • 2018 • ACCOUNTING • objective

A company's trading account shows a profit of ₦200,000. The balance sheet shows a decrease in inventory of ₦30,000 and an increase in accounts payable of ₦25,000. What is the net profit for the period?

Answer Options

A. ₦155,000
B. ₦160,000
C. ₦165,000
Correct Answer D. ₦170,000
Correct Answer
D
Correct Option:
₦170,000

About This Question

This is Post Utme Aaua 2018 Accounting Question 4. It is one of the objective questions from the 2018 Post Utme Aaua Accounting examination.

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