Post Utme Covenant University 2025 Accounting Question 20

Practice objective / multiple choice question 20 from the 2025 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2025 Accounting Objective / Multiple Choice
Question 20 POST_UTME_COVENANT_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's trial balance shows the following: | Account | Debit | Credit | | --- | --- | --- | | Cash | 1,000 | | | Bank | | 500 | | Sales | | 2,000 | | Purchases | 1,500 | | | Capital | | 1,000 | Calculate the net profit or loss.

Answer Options

A. ₦00
Correct Answer B. ₦100
C. ₦200
D. ₦300
Correct Answer
B
Correct Option:
₦100

About This Question

This is Post Utme Covenant University 2025 Accounting Question 20. It is one of the objective questions from the 2025 Post Utme Covenant University Accounting examination.

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