Post Utme Esut 2018 Accounting Question 31

Practice objective / multiple choice question 31 from the 2018 Post Utme Esut Accounting examination.

Post Utme Esut 2018 Accounting Objective / Multiple Choice
Question 31 POST_UTME_ESUT • 2018 • ACCOUNTING • objective

A company's trading profit for the year ended 31st December 2022 was ₦1,500,000. The company's cost of sales for the year was ₦3,000,000. The company's operating expenses for the year were ₦1,200,000. The company's non-operating income for the year was ₦400,000. The company's tax expense for the year was ₦600,000. What was the company's net income for the year?

Answer Options

A. ₦1,500,000
Correct Answer B. ₦2,500,000
C. ₦3,000,000
D. ₦4,000,000
Correct Answer
B
Correct Option:
₦2,500,000

About This Question

This is Post Utme Esut 2018 Accounting Question 31. It is one of the objective questions from the 2018 Post Utme Esut Accounting examination.

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