Post Utme Elizade University 2024 Accounting Question 47

Practice objective / multiple choice question 47 from the 2024 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2024 Accounting Objective / Multiple Choice
Question 47 POST_UTME_ELIZADE_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's profit and loss account shows a profit of ₦150,000 and a loss of ₦20,000 on the sale of an asset. What is the net profit for the year?

Answer Options

A. ₦130,000
B. ₦140,000
Correct Answer C. ₦150,000
D. ₦160,000
Correct Answer
C
Correct Option:
₦150,000

About This Question

This is Post Utme Elizade University 2024 Accounting Question 47. It is one of the objective questions from the 2024 Post Utme Elizade University Accounting examination.

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