Post Utme Igbinedion University 2020 Accounting Question 12

Practice objective / multiple choice question 12 from the 2020 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2020 Accounting Objective / Multiple Choice
Question 12 POST_UTME_IGBINEDION_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 20X9 showed a profit of ₦ 150,000. The company's profit and loss account also showed a depreciation of ₦ 20,000 on the company's assets. Prepare the company's statement of profit or loss and other comprehensive income.

Answer Options

A. Profit ₦ 130,000
B. Profit ₦ 140,000
Correct Answer C. Profit ₦ 150,000
D. Profit ₦ 160,000
Correct Answer
C
Correct Option:
Profit ₦ 150,000

About This Question

This is Post Utme Igbinedion University 2020 Accounting Question 12. It is one of the objective questions from the 2020 Post Utme Igbinedion University Accounting examination.

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