Post Utme Aaua 2023 Accounting Question 4

Practice objective / multiple choice question 4 from the 2023 Post Utme Aaua Accounting examination.

Post Utme Aaua 2023 Accounting Objective / Multiple Choice
Question 4 POST_UTME_AAUA • 2023 • ACCOUNTING • objective

A company's trial balance shows the following balances: Purchases ₦80,000, Sales ₦100,000, Capital ₦50,000. What is the net effect on the company's profit?

Answer Options

Correct Answer A. ₦20,000 increase
B. ₦20,000 decrease
C. ₦20,000 no change
D. ₦20,000 unknown
Correct Answer
A
Correct Option:
₦20,000 increase

About This Question

This is Post Utme Aaua 2023 Accounting Question 4. It is one of the objective questions from the 2023 Post Utme Aaua Accounting examination.

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