Post Utme Elizade University 2019 Accounting Question 35
Practice objective / multiple choice question 35 from the 2019 Post Utme Elizade University Accounting examination.
A company's trading account for the year ended 31st December 2022 shows a profit of ₦120,000. The company's balance sheet as at 31st December 2021 showed a capital of ₦500,000, and a profit of ₦80,000 was transferred to the reserve. The company's balance sheet as at 31st December 2022 shows a capital of ₦600,000. Calculate the company's profit for the year ended 31st December 2022.
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About This Question
This is Post Utme Elizade University 2019 Accounting Question 35. It is one of the objective questions from the 2019 Post Utme Elizade University Accounting examination.
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