Post Utme Achievers University 2020 Accounting Question 28

Practice objective / multiple choice question 28 from the 2020 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2020 Accounting Objective / Multiple Choice
Question 28 POST_UTME_ACHIEVERS_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's trading account shows a profit of ₦200,000. The profit and loss account shows a loss of ₦50,000. The balance sheet shows a decrease in stock of ₦30,000. Calculate the net profit for the year.

Answer Options

A. ₦120,000
B. ₦150,000
Correct Answer C. ₦180,000
D. ₦200,000
Correct Answer
C
Correct Option:
₦180,000

About This Question

This is Post Utme Achievers University 2020 Accounting Question 28. It is one of the objective questions from the 2020 Post Utme Achievers University Accounting examination.

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