Post Utme Esut 2020 Accounting Question 38

Practice objective / multiple choice question 38 from the 2020 Post Utme Esut Accounting examination.

Post Utme Esut 2020 Accounting Objective / Multiple Choice
Question 38 POST_UTME_ESUT • 2020 • ACCOUNTING • objective

A public sector organization's final accounts show the following: Trading Profit ₦500,000, Profit Before Tax ₦700,000, Tax Expense ₦200,000. What is the correct calculation of the Net Profit?

Answer Options

A. ₦500,000.
B. ₦700,000.
Correct Answer C. ₦900,000.
D. ₦1,000,000.
Correct Answer
C
Correct Option:
₦900,000.

About This Question

This is Post Utme Esut 2020 Accounting Question 38. It is one of the objective questions from the 2020 Post Utme Esut Accounting examination.

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