Post Utme Afe Babalola University 2021 Accounting Question 11

Practice objective / multiple choice question 11 from the 2021 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2021 Accounting Objective / Multiple Choice
Question 11 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's trading account shows a profit of ₦1,500,000. The balance sheet shows a decrease in inventory of ₦200,000. What is the effect on the company's net profit?

Answer Options

A. ₦1,700,000
Correct Answer B. ₦1,300,000
C. ₦1,200,000
D. ₦1,000,000
Correct Answer
B
Correct Option:
₦1,300,000

About This Question

This is Post Utme Afe Babalola University 2021 Accounting Question 11. It is one of the objective questions from the 2021 Post Utme Afe Babalola University Accounting examination.

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