Post Utme Eksu 2024 Accounting Question 28

Practice objective / multiple choice question 28 from the 2024 Post Utme Eksu Accounting examination.

Post Utme Eksu 2024 Accounting Objective / Multiple Choice
Question 28 POST_UTME_EKSU • 2024 • ACCOUNTING • objective

A company's trading account shows a profit of ₦1,500,000. The balance sheet shows a decrease in inventory of ₦200,000 and an increase in accounts receivable of ₦300,000. What is the net profit for the period?

Answer Options

A. ₦1,600,000
B. ₦1,700,000
Correct Answer C. ₦1,800,000
D. ₦1,900,000
Correct Answer
C
Correct Option:
₦1,800,000

About This Question

This is Post Utme Eksu 2024 Accounting Question 28. It is one of the objective questions from the 2024 Post Utme Eksu Accounting examination.

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