Post Utme Bsu 2023 Accounting Question 1

Practice objective / multiple choice question 1 from the 2023 Post Utme Bsu Accounting examination.

Post Utme Bsu 2023 Accounting Objective / Multiple Choice
Question 1 POST_UTME_BSU • 2023 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2022 is as follows: Debit: Sundry Creditors: ₦120,000 Wages: ₦150,000 Rent: ₦80,000 Profit on Sale of Assets: ₦30,000 Credit: Sales: ₦1,200,000 Purchases: ₦900,000 Bank Charges: ₦20,000 Interest Received: ₦10,000 Calculate the company's net profit for the year.

Answer Options

A. ₦150,000
Correct Answer B. ₦180,000
C. ₦200,000
D. ₦220,000
Correct Answer
B
Correct Option:
₦180,000

About This Question

This is Post Utme Bsu 2023 Accounting Question 1. It is one of the objective questions from the 2023 Post Utme Bsu Accounting examination.

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