Post Utme Lasu 2019 Accounting Question 6
Practice objective / multiple choice question 6 from the 2019 Post Utme Lasu Accounting examination.
A company's trading account for the year ended 31st December 2022 showed a profit of ₦1,500,000. The balance sheet as at 31st December 2022 showed a decrease in stock of ₦800,000. The company's profit for the year ended 31st December 2022 is ₦2,300,000. What is the amount of the company's profit for the year ended 31st December 2022, excluding the profit on the sale of stock?
Answer Options
About This Question
This is Post Utme Lasu 2019 Accounting Question 6. It is one of the objective questions from the 2019 Post Utme Lasu Accounting examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.