Post Utme Greenfield University 2021 Accounting Question 9

Practice objective / multiple choice question 9 from the 2021 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2021 Accounting Objective / Multiple Choice
Question 9 POST_UTME_GREENFIELD_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's financial statements show a 'Trading Account' with a net profit of ₦100,000. What does this indicate?

Answer Options

A. The company has a surplus of cash.
B. The company has a deficit of cash.
C. The company has a net loss of ₦100,000.
Correct Answer D. The company has a net profit of ₦100,000.
Correct Answer
D
Correct Option:
The company has a net profit of ₦100,000.

About This Question

This is Post Utme Greenfield University 2021 Accounting Question 9. It is one of the objective questions from the 2021 Post Utme Greenfield University Accounting examination.

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