Post Utme Crawford University 2024 Accounting Question 25

Practice objective / multiple choice question 25 from the 2024 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2024 Accounting Objective / Multiple Choice
Question 25 POST_UTME_CRAWFORD_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's financial statements for the year ended 31st December 2023 are as follows: Trading Account ₦200,000, Profit and Loss Account ₦150,000, and Balance Sheet ₦300,000. Calculate the company's net profit for the year.

Answer Options

A. ₦50,000
B. ₦60,000
Correct Answer C. ₦70,000
D. ₦80,000
Correct Answer
C
Correct Option:
₦70,000

About This Question

This is Post Utme Crawford University 2024 Accounting Question 25. It is one of the objective questions from the 2024 Post Utme Crawford University Accounting examination.

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