Post Utme Delsu 2020 Commerce Question 1

Practice objective / multiple choice question 1 from the 2020 Post Utme Delsu Commerce examination.

Post Utme Delsu 2020 Commerce Objective / Multiple Choice
Question 1 POST_UTME_DELSU • 2020 • COMMERCE • objective

A company's financial statements for the year ended December 31, 2020, showed a net profit of ₦120 million. However, the company's auditor discovered that the company had understated its expenses by ₦30 million. What is the correct net profit for the year?

Answer Options

A. ₦150 million
Correct Answer B. ₦180 million
C. ₦120 million
D. ₦90 million
Correct Answer
B
Correct Option:
₦180 million

About This Question

This is Post Utme Delsu 2020 Commerce Question 1. It is one of the objective questions from the 2020 Post Utme Delsu Commerce examination.

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