Post Utme Futo 2017 Accounting Question 15

Practice objective / multiple choice question 15 from the 2017 Post Utme Futo Accounting examination.

Post Utme Futo 2017 Accounting Objective / Multiple Choice
Question 15 POST_UTME_FUTO • 2017 • ACCOUNTING • objective

A company prepares its final accounts. The trading account shows a profit of ₦120,000, and the profit and loss account shows a profit of ₦180,000. Calculate the balance sheet profit.

Answer Options

Correct Answer A. ₦300,000
B. ₦120,000
C. ₦180,000
D. ₦60,000
Correct Answer
A
Correct Option:
₦300,000

About This Question

This is Post Utme Futo 2017 Accounting Question 15. It is one of the objective questions from the 2017 Post Utme Futo Accounting examination.

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