Post Utme Afe Babalola University 2017 Accounting Question 4

Practice objective / multiple choice question 4 from the 2017 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2017 Accounting Objective / Multiple Choice
Question 4 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2017 • ACCOUNTING • objective

A company uses the following accounting equation: Assets = Capital + Profit If the company has assets of ₦500,000 and capital of ₦200,000, what is the amount of profit?

Answer Options

A. ₦150,000
B. ₦200,000
C. ₦250,000
Correct Answer D. ₦300,000
Correct Answer
D
Correct Option:
₦300,000

About This Question

This is Post Utme Afe Babalola University 2017 Accounting Question 4. It is one of the objective questions from the 2017 Post Utme Afe Babalola University Accounting examination.

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