Post Utme Delsu 2024 Accounting Question 35

Practice objective / multiple choice question 35 from the 2024 Post Utme Delsu Accounting examination.

Post Utme Delsu 2024 Accounting Objective / Multiple Choice
Question 35 POST_UTME_DELSU • 2024 • ACCOUNTING • objective

A company's trading account shows a profit of ₦500,000. The profit is transferred to the profit and loss account, but ₦200,000 is also transferred to the reserve fund. What is the net result of these transactions?

Answer Options

Correct Answer A. ₦300,000 Profit
B. ₦200,000 Profit
C. ₦300,000 Loss
D. ₦200,000 Loss
Correct Answer
A
Correct Option:
₦300,000 Profit

About This Question

This is Post Utme Delsu 2024 Accounting Question 35. It is one of the objective questions from the 2024 Post Utme Delsu Accounting examination.

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