Post Utme Delsu 2020 Commerce Question 5

Practice objective / multiple choice question 5 from the 2020 Post Utme Delsu Commerce examination.

Post Utme Delsu 2020 Commerce Objective / Multiple Choice
Question 5 POST_UTME_DELSU • 2020 • COMMERCE • objective

A company's financial statements for the year ended December 31, 2020, showed a net profit of ₦180 million. However, the company's auditor discovered that the company had understated its expenses by ₦15 million. What is the correct net profit for the year?

Answer Options

Correct Answer A. ₦195 million
B. ₦185 million
C. ₦180 million
D. ₦175 million
Correct Answer
A
Correct Option:
₦195 million

About This Question

This is Post Utme Delsu 2020 Commerce Question 5. It is one of the objective questions from the 2020 Post Utme Delsu Commerce examination.

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