Post Utme Ksu 2023 Accounting Question 23

Practice objective / multiple choice question 23 from the 2023 Post Utme Ksu Accounting examination.

Post Utme Ksu 2023 Accounting Objective / Multiple Choice
Question 23 POST_UTME_KSU • 2023 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2022 showed a profit of ₦120,000. The company's profit and loss account showed a profit of ₦150,000. The difference of ₦30,000 was due to a gain on the sale of a fixed asset. Calculate the company's net profit for the year.

Answer Options

A. ₦120,000
B. ₦150,000
Correct Answer C. ₦180,000
D. ₦210,000
Correct Answer
C
Correct Option:
₦180,000

About This Question

This is Post Utme Ksu 2023 Accounting Question 23. It is one of the objective questions from the 2023 Post Utme Ksu Accounting examination.

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