Post Utme Futo 2025 Accounting Question 8

Practice objective / multiple choice question 8 from the 2025 Post Utme Futo Accounting examination.

Post Utme Futo 2025 Accounting Objective / Multiple Choice
Question 8 POST_UTME_FUTO • 2025 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2024 is as follows: Debit: Sundry expenses ₦0,000 Depreciation ₦0,500 Credit: Sales ₦1,500 Returns outwards ₦0,200 Calculate the profit or loss for the year.

Answer Options

Correct Answer A. ₦0,100
B. ₦0,200
C. ₦0,300
D. ₦0,400
Correct Answer
A
Correct Option:
₦0,100

About This Question

This is Post Utme Futo 2025 Accounting Question 8. It is one of the objective questions from the 2025 Post Utme Futo Accounting examination.

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