Post Utme Igbinedion University 2023 Accounting Question 12
Practice objective / multiple choice question 12 from the 2023 Post Utme Igbinedion University Accounting examination.
A company's trial balance as at 31st December, 2022 is as follows: Debit ₦ 50,000 - Raw Materials ₦ 20,000 - Wages ₦ 30,000 - Rent ₦ 10,000 - Salaries ₦ 20,000 - Depreciation ₦ 50,000 - Interest ₦ 10,000 - Miscellaneous Credit ₦ 30,000 - Sales ₦ 20,000 - Purchases ₦ 10,000 - Returns Outwards ₦ 5,000 - Bank Balance What is the company's net profit for the year?
Answer Options
About This Question
This is Post Utme Igbinedion University 2023 Accounting Question 12. It is one of the objective questions from the 2023 Post Utme Igbinedion 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.