Post Utme Ims U 2020 Accounting Question 20

Practice objective / multiple choice question 20 from the 2020 Post Utme Ims U Accounting examination.

Post Utme Ims U 2020 Accounting Objective / Multiple Choice
Question 20 POST_UTME_IMS_U • 2020 • ACCOUNTING • objective

A company's profit and loss account for the year ended December 31, 2022, is as follows: Trading Profit:£ 100,000 Non-Trading Income:£ 20,000 Total Profit:£ 120,000 Calculate the net profit for the year.

Answer Options

A. £ 100,000
Correct Answer B. £ 120,000
C. £ 140,000
D. £ 160,000
Correct Answer
B
Correct Option:
£ 120,000

About This Question

This is Post Utme Ims U 2020 Accounting Question 20. It is one of the objective questions from the 2020 Post Utme Ims U Accounting examination.

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