Post Utme Elizade University 2017 Accounting Question 11

Practice objective / multiple choice question 11 from the 2017 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2017 Accounting Objective / Multiple Choice
Question 11 POST_UTME_ELIZADE_UNIVERSITY • 2017 • ACCOUNTING • objective

In a manufacturing company, the following transactions occurred during the year: Purchases of raw materials: ₦1,500,000; Sales: ₦2,500,000; Wages: ₦800,000; Rent: ₦200,000; Depreciation: ₦300,000. What is the net profit for the year?

Answer Options

Correct Answer A. ₦1,200,000
B. ₦1,500,000
C. ₦2,000,000
D. ₦2,500,000
Correct Answer
A
Correct Option:
₦1,200,000

About This Question

This is Post Utme Elizade University 2017 Accounting Question 11. It is one of the objective questions from the 2017 Post Utme Elizade University Accounting examination.

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