Post Utme Joseph Ayo Babalola University 2017 Accounting Question 29

Practice objective / multiple choice question 29 from the 2017 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2017 Accounting Objective / Multiple Choice
Question 29 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2017 • ACCOUNTING • objective

A company prepares its final accounts for the year ended December 31, 2022. The trading account shows a profit of ₦ 100,000, and the profit and loss account shows a profit of ₦ 150,000. What is the total profit for the year?

Answer Options

A. ₦ 150,000
Correct Answer B. ₦ 200,000
C. ₦ 250,000
D. ₦ 300,000
Correct Answer
B
Correct Option:
₦ 200,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2017 Accounting Question 29. It is one of the objective questions from the 2017 Post Utme Joseph Ayo Babalola University Accounting examination.

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