Post Utme Abu 2025 Accounting Question 10

Practice objective / multiple choice question 10 from the 2025 Post Utme Abu Accounting examination.

Post Utme Abu 2025 Accounting Objective / Multiple Choice
Question 10 POST_UTME_ABU • 2025 • ACCOUNTING • objective

A company's financial statements show the following: Trading Profit ¡ 100,000, Net Profit ¡ 150,000. What is the effect of this transaction on the company's profit?

Answer Options

A. The trading profit increases by ¡ 50,000.
Correct Answer B. The net profit increases by ¡ 50,000.
C. The trading profit remains unchanged and the net profit increases by ¡ 50,000.
D. The trading profit decreases by ¡ 50,000 and the net profit remains unchanged.
Correct Answer
B
Correct Option:
The net profit increases by ¡ 50,000.

About This Question

This is Post Utme Abu 2025 Accounting Question 10. It is one of the objective questions from the 2025 Post Utme Abu Accounting examination.

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