Post Utme Caleb University 2021 Accounting Question 19

Practice objective / multiple choice question 19 from the 2021 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2021 Accounting Objective / Multiple Choice
Question 19 POST_UTME_CALEB_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's profit and loss account for the year ended 31st December 2020 is as follows: Trading account: ₦500,000 ₦300,000 ₦200,000 ₦100,000 ₦50,000 Determine the net profit for the year.

Answer Options

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

About This Question

This is Post Utme Caleb University 2021 Accounting Question 19. It is one of the objective questions from the 2021 Post Utme Caleb University Accounting examination.

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