Post Utme Elizade University 2018 Accounting Question 26

Practice objective / multiple choice question 26 from the 2018 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2018 Accounting Objective / Multiple Choice
Question 26 POST_UTME_ELIZADE_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's profit and loss account for the year ended 31st December 2022 is as follows: Gross Profit: ₦1,000,000; Operating Expenses: ₦500,000; Depreciation: ₦200,000. Calculate the net profit for the year.

Answer Options

A. ₦300,000
B. ₦400,000
Correct Answer C. ₦500,000
D. ₦600,000
Correct Answer
C
Correct Option:
₦500,000

About This Question

This is Post Utme Elizade University 2018 Accounting Question 26. It is one of the objective questions from the 2018 Post Utme Elizade University Accounting examination.

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