Post Utme Covenant University 2023 Commerce Question 17

Practice objective / multiple choice question 17 from the 2023 Post Utme Covenant University Commerce examination.

Post Utme Covenant University 2023 Commerce Objective / Multiple Choice
Question 17 POST_UTME_COVENANT_UNIVERSITY • 2023 • COMMERCE • objective

A sole trader has a business income of ₦500,000 and expenses of ₦200,000. What is the profit before tax?

Answer Options

Correct Answer A. ₦300,000
B. ₦400,000
C. ₦500,000
D. ₦600,000
Correct Answer
A
Correct Option:
₦300,000

About This Question

This is Post Utme Covenant University 2023 Commerce Question 17. It is one of the objective questions from the 2023 Post Utme Covenant University Commerce examination.

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