Post Utme Covenant University 2022 Accounting Question 19

Practice objective / multiple choice question 19 from the 2022 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2022 Accounting Objective / Multiple Choice
Question 19 POST_UTME_COVENANT_UNIVERSITY • 2022 • ACCOUNTING • objective

A company's trading account shows the following transactions: | Date | Particulars | Debit | Credit | | --- | --- | --- | --- | | 1 Jan | Sales | | 100,000 | | 2 Jan | Purchases | 80,000 | | | 3 Jan | Wages | 20,000 | | | 4 Jan | Rent | | 10,000 | What is the company's net profit?

Answer Options

A. ₦10,000
B. ₦20,000
Correct Answer C. ₦30,000
D. ₦40,000
Correct Answer
C
Correct Option:
₦30,000

About This Question

This is Post Utme Covenant University 2022 Accounting Question 19. It is one of the objective questions from the 2022 Post Utme Covenant University Accounting examination.

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