Post Utme Elizade University 2023 Accounting Question 14

Practice objective / multiple choice question 14 from the 2023 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2023 Accounting Objective / Multiple Choice
Question 14 POST_UTME_ELIZADE_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's trading account shows a profit of ₦200,000. The company's profit and loss account shows a net profit of ₦250,000. What is the reason for the difference?

Answer Options

A. Depreciation
B. Interest on loans
C. Dividend on shares
Correct Answer D. Provision for bad debts
Correct Answer
D
Correct Option:
Provision for bad debts

About This Question

This is Post Utme Elizade University 2023 Accounting Question 14. It is one of the objective questions from the 2023 Post Utme Elizade University Accounting examination.

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