Post Utme Greenfield University 2025 Accounting Question 10

Practice objective / multiple choice question 10 from the 2025 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2025 Accounting Objective / Multiple Choice
Question 10 POST_UTME_GREENFIELD_UNIVERSITY • 2025 • ACCOUNTING • objective

A company uses the control account system. The company's ledger shows the following: | Account | Debit | Credit | | --- | --- | --- | | Cash | ₦10,000 | | | Sales | | ₦15,000 | | Purchases | ₦8,000 | | | Profit | | ₦7,000 | What is the company's net profit?

Answer Options

A. ₦2,000
B. ₦4,000
Correct Answer C. ₦6,000
D. ₦8,000
Correct Answer
C
Correct Option:
₦6,000

About This Question

This is Post Utme Greenfield University 2025 Accounting Question 10. It is one of the objective questions from the 2025 Post Utme Greenfield University Accounting examination.

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