Post Utme Abu 2017 Accounting Question 12

Practice objective / multiple choice question 12 from the 2017 Post Utme Abu Accounting examination.

Post Utme Abu 2017 Accounting Objective / Multiple Choice
Question 12 POST_UTME_ABU • 2017 • ACCOUNTING • objective

A business has the following transactions in its incomplete records: Sales: ₦100,000; Purchases: ₦80,000; Drawings: ₦20,000. What is the net profit?

Answer Options

A. ₦20,000
Correct Answer B. ₦30,000
C. ₦40,000
D. ₦50,000
Correct Answer
B
Correct Option:
₦30,000

About This Question

This is Post Utme Abu 2017 Accounting Question 12. It is one of the objective questions from the 2017 Post Utme Abu Accounting examination.

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