Post Utme Esut 2023 Accounting Question 24

Practice objective / multiple choice question 24 from the 2023 Post Utme Esut Accounting examination.

Post Utme Esut 2023 Accounting Objective / Multiple Choice
Question 24 POST_UTME_ESUT • 2023 • ACCOUNTING • objective

A company's balance sheet shows a net worth of ₦500,000. The profit and loss account shows a net profit of ₦200,000. The trading account shows a profit of ₦300,000. What is the correct balance in the profit and loss account?

Answer Options

Correct Answer A. ₦400,000
B. ₦500,000
C. ₦600,000
D. ₦700,000
Correct Answer
A
Correct Option:
₦400,000

About This Question

This is Post Utme Esut 2023 Accounting Question 24. It is one of the objective questions from the 2023 Post Utme Esut Accounting examination.

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