Post Utme Al Hikmah University 2023 Accounting Question 10
Practice objective / multiple choice question 10 from the 2023 Post Utme Al Hikmah University Accounting examination.
A company prepares its trial balance as at 31st December 2022. The trial balance is as follows: | Account | Debit | Credit | | --- | --- | --- | | Cash | ₦50,000 | ₦0 | | Bank | ₦20,000 | ₦0 | | Accounts Payable | ₦0 | ₦30,000 | | Sales | ₦0 | ₦150,000 | | Cost of Goods Sold | ₦0 | ₦80,000 | | Profit | ₦0 | ₦0 | | Total | ₦70,000 | ₦220,000 | What is the amount of profit for the year ended 31st December 2022?
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About This Question
This is Post Utme Al Hikmah University 2023 Accounting Question 10. It is one of the objective questions from the 2023 Post Utme Al Hikmah University Accounting examination.
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