Post Utme Ims U 2025 Accounting Question 24

Practice objective / multiple choice question 24 from the 2025 Post Utme Ims U Accounting examination.

Post Utme Ims U 2025 Accounting Objective / Multiple Choice
Question 24 POST_UTME_IMS_U • 2025 • ACCOUNTING • objective

A company's profit and loss account for the year ended 31st December 2024 is as follows: Trading Profit: ₦500,000 Depreciation: ₦100,000 Interest on Bank Loan: ₦50,000 What is the net profit for the year?

Answer Options

A. ₦450,000
Correct Answer B. ₦500,000
C. ₦550,000
D. ₦600,000
Correct Answer
B
Correct Option:
₦500,000

About This Question

This is Post Utme Ims U 2025 Accounting Question 24. It is one of the objective questions from the 2025 Post Utme Ims U Accounting examination.

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