Post Utme Greenfield University 2023 Accounting Question 28

Practice objective / multiple choice question 28 from the 2023 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2023 Accounting Objective / Multiple Choice
Question 28 POST_UTME_GREENFIELD_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's trading account shows a profit of ₦200,000. The profit and loss account shows a net loss of ₦50,000. The balance sheet shows a decrease in cash of ₦100,000. Calculate the net profit for the year.

Answer Options

Correct Answer A. ₦150,000
B. ₦200,000
C. ₦250,000
D. ₦300,000
Correct Answer
A
Correct Option:
₦150,000

About This Question

This is Post Utme Greenfield University 2023 Accounting Question 28. It is one of the objective questions from the 2023 Post Utme Greenfield University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support