Post Utme Aaua 2022 Accounting Question 7
Practice objective / multiple choice question 7 from the 2022 Post Utme Aaua Accounting examination.
A company's trading account for the year ended December 31, 2022, showed a profit of ₦250,000. The company also made a gain of ₦75,000 on the sale of a piece of land. The company's profit and loss account for the year ended December 31, 2022, showed a net profit of ₦300,000. Calculate the company's tax liability for the year.
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About This Question
This is Post Utme Aaua 2022 Accounting Question 7. It is one of the objective questions from the 2022 Post Utme Aaua Accounting examination.
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