Post Utme Caleb University 2022 Commerce Question 32

Practice objective / multiple choice question 32 from the 2022 Post Utme Caleb University Commerce examination.

Post Utme Caleb University 2022 Commerce Objective / Multiple Choice
Question 32 POST_UTME_CALEB_UNIVERSITY • 2022 • COMMERCE • objective

A sole trader has a business income of ₦2,000,000 and a business expense of ₦800,000. If the sole trader has a personal income of ₦1,000,000, what is the sole trader's total income for the year?

Answer Options

Correct Answer A. ₦2,800,000
B. ₦3,000,000
C. ₦2,200,000
D. ₦1,200,000
Correct Answer
A
Correct Option:
₦2,800,000

About This Question

This is Post Utme Caleb University 2022 Commerce Question 32. It is one of the objective questions from the 2022 Post Utme Caleb University Commerce examination.

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