Post Utme Coal City University 2019 Accounting Question 35

Practice objective / multiple choice question 35 from the 2019 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2019 Accounting Objective / Multiple Choice
Question 35 POST_UTME_COAL_CITY_UNIVERSITY • 2019 • ACCOUNTING • objective

A company prepares its financial statements for the year ended 31st December 2022. The company's trading account shows a profit of ₦200,000. The company's profit and loss account shows a profit of ₦250,000. What is the company's net profit for the year?

Answer Options

A. ₦200,000
Correct Answer B. ₦250,000
C. ₦300,000
D. ₦350,000
Correct Answer
B
Correct Option:
₦250,000

About This Question

This is Post Utme Coal City University 2019 Accounting Question 35. It is one of the objective questions from the 2019 Post Utme Coal City University Accounting examination.

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