Post Utme Abu 2025 Accounting Question 27

Practice objective / multiple choice question 27 from the 2025 Post Utme Abu Accounting examination.

Post Utme Abu 2025 Accounting Objective / Multiple Choice
Question 27 POST_UTME_ABU • 2025 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2024 is as follows: Debit: Sundry expenses: ₦50,000 Profit on sale of assets: ₦20,000 Credit: Sales: ₦500,000 Purchases: ₦300,000 What is the net profit for the year?

Answer Options

A. ₦150,000
Correct Answer B. ₦180,000
C. ₦200,000
D. ₦220,000
Correct Answer
B
Correct Option:
₦180,000

About This Question

This is Post Utme Abu 2025 Accounting Question 27. It is one of the objective questions from the 2025 Post Utme Abu Accounting examination.

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