Post Utme Al Hikmah University 2021 Accounting Question 14

Practice objective / multiple choice question 14 from the 2021 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2021 Accounting Objective / Multiple Choice
Question 14 POST_UTME_AL-HIKMAH_UNIVERSITY • 2021 • ACCOUNTING • objective

A company prepares its final accounts for the year ended December 31, 2022. The trading account shows a profit of ₦500,000, and the profit and loss account shows a profit of ₦200,000. What is the total profit for the year?

Answer Options

Correct Answer A. ₦700,000
B. ₦500,000
C. ₦200,000
D. ₦300,000
Correct Answer
A
Correct Option:
₦700,000

About This Question

This is Post Utme Al Hikmah University 2021 Accounting Question 14. It is one of the objective questions from the 2021 Post Utme Al Hikmah University Accounting examination.

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