Post Utme Futa 2021 Accounting Question 29

Practice objective / multiple choice question 29 from the 2021 Post Utme Futa Accounting examination.

Post Utme Futa 2021 Accounting Objective / Multiple Choice
Question 29 POST_UTME_FUTA • 2021 • ACCOUNTING • objective

A company's trading account shows a profit of ₦200,000. However, the profit and loss account shows a loss of ₦150,000. What is the correct profit or loss?

Answer Options

A. Profit of ₦50,000
Correct Answer B. Loss of ₦50,000
C. Profit of ₦150,000
D. Loss of ₦200,000
Correct Answer
B
Correct Option:
Loss of ₦50,000

About This Question

This is Post Utme Futa 2021 Accounting Question 29. It is one of the objective questions from the 2021 Post Utme Futa Accounting examination.

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