Post Utme Eksu 2018 Accounting Question 22

Practice objective / multiple choice question 22 from the 2018 Post Utme Eksu Accounting examination.

Post Utme Eksu 2018 Accounting Objective / Multiple Choice
Question 22 POST_UTME_EKSU • 2018 • ACCOUNTING • objective

A company has the following transactions in its trial balance: Debit: ₦1,000,000 (sales) ₦500,000 (cost of goods sold) Credit: ₦1,500,000 (expenses) What is the net profit?

Answer Options

A. ₦500,000
B. ₦750,000
Correct Answer C. ₦1,000,000
D. ₦1,500,000
Correct Answer
C
Correct Option:
₦1,000,000

About This Question

This is Post Utme Eksu 2018 Accounting Question 22. It is one of the objective questions from the 2018 Post Utme Eksu Accounting examination.

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