Post Utme Afe Babalola University 2020 Accounting Question 40

Practice objective / multiple choice question 40 from the 2020 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2020 Accounting Objective / Multiple Choice
Question 40 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2020 • ACCOUNTING • objective

A company issued 5,000 shares of ₦10 each. If the company's profit for the year is ₦1,200,000, and the company's expenses for the year are ₦600,000, what is the company's net profit?

Answer Options

A. ₦600,000
Correct Answer B. ₦700,000
C. ₦800,000
D. ₦900,000
Correct Answer
B
Correct Option:
₦700,000

About This Question

This is Post Utme Afe Babalola University 2020 Accounting Question 40. It is one of the objective questions from the 2020 Post Utme Afe Babalola University Accounting examination.

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