Post Utme Bells University 2017 Accounting Question 36

Practice objective / multiple choice question 36 from the 2017 Post Utme Bells University Accounting examination.

Post Utme Bells University 2017 Accounting Objective / Multiple Choice
Question 36 POST_UTME_BELLS_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's trading account shows a profit of ₦120,000. However, the profit and loss account shows a loss of ₦80,000. What is the reason for this discrepancy?

Answer Options

A. The company has a non-trading income of ₦200,000.
Correct Answer B. The company has a non-trading expense of ₦200,000.
C. The company has a trading loss of ₦200,000.
D. The company has a non-trading loss of ₦200,000.
Correct Answer
B
Correct Option:
The company has a non-trading expense of ₦200,000.

About This Question

This is Post Utme Bells University 2017 Accounting Question 36. It is one of the objective questions from the 2017 Post Utme Bells University Accounting examination.

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