Post Utme Afe Babalola University 2024 Commerce Question 23

Practice objective / multiple choice question 23 from the 2024 Post Utme Afe Babalola University Commerce examination.

Post Utme Afe Babalola University 2024 Commerce Objective / Multiple Choice
Question 23 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2024 • COMMERCE • objective

A sole trader has a business income of ₦500,000 and a business expense of ₦200,000. What is the profit before tax?

Answer Options

Correct Answer A. ₦300,000
B. ₦400,000
C. ₦500,000
D. ₦600,000
Correct Answer
A
Correct Option:
₦300,000

About This Question

This is Post Utme Afe Babalola University 2024 Commerce Question 23. It is one of the objective questions from the 2024 Post Utme Afe Babalola University Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support