Post Utme Futo 2017 Accounting Question 19

Practice objective / multiple choice question 19 from the 2017 Post Utme Futo Accounting examination.

Post Utme Futo 2017 Accounting Objective / Multiple Choice
Question 19 POST_UTME_FUTO • 2017 • ACCOUNTING • objective

A company's trial balance as at December 31, 2022, is as follows: - Debit: ₦2,000,000 (₦1,000,000) (₦1,000,000). - Credit: ₦1,500,000 (₦750,000) (₦750,000). Determine the company's net profit as at December 31, 2022.

Answer Options

Correct Answer A. ₦500,000
B. ₦750,000
C. ₦1,000,000
D. ₦1,500,000
Correct Answer
A
Correct Option:
₦500,000

About This Question

This is Post Utme Futo 2017 Accounting Question 19. It is one of the objective questions from the 2017 Post Utme Futo Accounting examination.

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