Post Utme Aaua 2022 Commerce Question 22

Practice objective / multiple choice question 22 from the 2022 Post Utme Aaua Commerce examination.

Post Utme Aaua 2022 Commerce Objective / Multiple Choice
Question 22 POST_UTME_AAUA • 2022 • COMMERCE • objective

A sole trader has a business that generates ₦1,000,000 in revenue and ₦800,000 in expenses. If the sole trader's capital is ₦200,000, what is the amount of profit that the sole trader should declare for tax purposes?

Answer Options

A. ₦100,000
Correct Answer B. ₦200,000
C. ₦300,000
D. ₦400,000
Correct Answer
B
Correct Option:
₦200,000

About This Question

This is Post Utme Aaua 2022 Commerce Question 22. It is one of the objective questions from the 2022 Post Utme Aaua Commerce examination.

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