Post Utme Esut 2018 Accounting Question 14

Practice objective / multiple choice question 14 from the 2018 Post Utme Esut Accounting examination.

Post Utme Esut 2018 Accounting Objective / Multiple Choice
Question 14 POST_UTME_ESUT • 2018 • ACCOUNTING • objective

A firm has the following trial balance: Debit: Raw Materials ₦ 50,000; Work-in-Progress ₦ 30,000; Finished Goods ₦ 20,000; Sales ₦ 150,000; Drawings ₦ 10,000 Credit: Purchases ₦ 100,000; Wages ₦ 20,000; Rent ₦ 5,000; Capital ₦ 80,000 What is the net profit of the firm?

Answer Options

Correct Answer A. ₦ 20,000
B. ₦ 30,000
C. ₦ 40,000
D. ₦ 50,000
Correct Answer
A
Correct Option:
₦ 20,000

About This Question

This is Post Utme Esut 2018 Accounting Question 14. It is one of the objective questions from the 2018 Post Utme Esut Accounting examination.

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