Post Utme Futo 2022 Accounting Question 31
Practice objective / multiple choice question 31 from the 2022 Post Utme Futo Accounting examination.
A company uses the single-entry system of accounting. The company's cash account shows a balance of ₦125,000. The company's purchases during the year amount to ₦250,000, and the company's sales during the year amount to ₦300,000. The company's expenses during the year amount to ₦150,000. What is the company's net profit for the year?
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About This Question
This is Post Utme Futo 2022 Accounting Question 31. It is one of the objective questions from the 2022 Post Utme Futo Accounting examination.
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