Post Utme Ims U 2019 Accounting Question 40

Practice objective / multiple choice question 40 from the 2019 Post Utme Ims U Accounting examination.

Post Utme Ims U 2019 Accounting Objective / Multiple Choice
Question 40 POST_UTME_IMS_U • 2019 • ACCOUNTING • objective

A company's trading account showed a profit of ₦500,000. However, the profit and loss account showed a loss of ₦200,000. What is the correct net profit of the company?

Answer Options

A. ₦300,000
Correct Answer B. ₦400,000
C. ₦500,000
D. ₦600,000
Correct Answer
B
Correct Option:
₦400,000

About This Question

This is Post Utme Ims U 2019 Accounting Question 40. It is one of the objective questions from the 2019 Post Utme Ims U Accounting examination.

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