Post Utme Lasu 2021 Accounting Question 33

Practice objective / multiple choice question 33 from the 2021 Post Utme Lasu Accounting examination.

Post Utme Lasu 2021 Accounting Objective / Multiple Choice
Question 33 POST_UTME_LASU • 2021 • ACCOUNTING • objective

A company's trading account shows a profit of ₦50,000, but the profit and loss account shows a loss of ₦20,000. What is the correct net profit or loss?

Answer Options

Correct Answer A. ₦30,000
B. ₦40,000
C. ₦50,000
D. ₦60,000
Correct Answer
A
Correct Option:
₦30,000

About This Question

This is Post Utme Lasu 2021 Accounting Question 33. It is one of the objective questions from the 2021 Post Utme Lasu Accounting examination.

View More Post Utme Lasu 2021 Accounting Questions More Post Utme Lasu Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support