Post Utme Al Hikmah University 2018 Accounting Question 11

Practice objective / multiple choice question 11 from the 2018 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2018 Accounting Objective / Multiple Choice
Question 11 POST_UTME_AL-HIKMAH_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2022, showed a profit of ₦1,500,000. The balance sheet as at 31st December 2022, showed a current liability of ₦800,000. Calculate the company's net profit for the year.

Answer Options

A. ₦1,700,000
Correct Answer B. ₦1,600,000
C. ₦1,800,000
D. ₦1,900,000
Correct Answer
B
Correct Option:
₦1,600,000

About This Question

This is Post Utme Al Hikmah University 2018 Accounting Question 11. It is one of the objective questions from the 2018 Post Utme Al Hikmah University Accounting examination.

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