Post Utme Abu 2021 Accounting Question 16
Practice objective / multiple choice question 16 from the 2021 Post Utme Abu Accounting examination.
A company's trading account for the year ended December 31, 2021, shows a profit of ₦1,500,000. The balance sheet as at December 31, 2021, shows a decrease in inventory of ₦200,000 and an increase in accounts payable of ₦150,000. Calculate the net profit for the year.
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About This Question
This is Post Utme Abu 2021 Accounting Question 16. It is one of the objective questions from the 2021 Post Utme Abu Accounting examination.
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