Post Utme Crawford University 2021 Accounting Question 25

Practice objective / multiple choice question 25 from the 2021 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2021 Accounting Objective / Multiple Choice
Question 25 POST_UTME_CRAWFORD_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's profit and loss account for the year ended 31st December 2020 is as follows: Gross Profit: ₦300,000; Operating Expenses: ₦150,000; Interest on Debentures: ₦50,000. Calculate the net profit for the year.

Answer Options

A. ₦100,000
B. ₦150,000
Correct Answer C. ₦200,000
D. ₦250,000
Correct Answer
C
Correct Option:
₦200,000

About This Question

This is Post Utme Crawford University 2021 Accounting Question 25. It is one of the objective questions from the 2021 Post Utme Crawford University Accounting examination.

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