Post Utme Christopher University 2019 Accounting Question 39

Practice objective / multiple choice question 39 from the 2019 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2019 Accounting Objective / Multiple Choice
Question 39 POST_UTME_CHRISTOPHER_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's balance sheet showed a decrease in stock of ₦500,000. The company's profit and loss account showed a net profit of ₦2,000,000. The company's trading account for the year ended 31st December 2022, showed a profit of ₦1,500,000. Calculate the company's net profit for the year.

Answer Options

A. ₦1,500,000
B. ₦2,000,000
Correct Answer C. ₦2,500,000
D. ₦3,000,000
Correct Answer
C
Correct Option:
₦2,500,000

About This Question

This is Post Utme Christopher University 2019 Accounting Question 39. It is one of the objective questions from the 2019 Post Utme Christopher University Accounting examination.

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