Post Utme Babcock University 2020 Accounting Question 22

Practice objective / multiple choice question 22 from the 2020 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2020 Accounting Objective / Multiple Choice
Question 22 POST_UTME_BABCOCK_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2020 showed a profit of ₦500,000. The company's profit and loss account also showed a profit of ₦200,000. Calculate the company's net profit for the year.

Answer Options

Correct Answer A. ₦700,000
B. ₦600,000
C. ₦500,000
D. ₦400,000
Correct Answer
A
Correct Option:
₦700,000

About This Question

This is Post Utme Babcock University 2020 Accounting Question 22. It is one of the objective questions from the 2020 Post Utme Babcock University Accounting examination.

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