Post Utme Lasu 2023 Accounting Question 24

Practice objective / multiple choice question 24 from the 2023 Post Utme Lasu Accounting examination.

Post Utme Lasu 2023 Accounting Objective / Multiple Choice
Question 24 POST_UTME_LASU • 2023 • ACCOUNTING • objective

A company's trading account shows a profit of ₦100,000. If the company's profit before taxation is ₦120,000 and its tax rate is 20%, what is the company's profit after taxation?

Answer Options

A. ₦80,000
Correct Answer B. ₦90,000
C. ₦100,000
D. ₦110,000
Correct Answer
B
Correct Option:
₦90,000

About This Question

This is Post Utme Lasu 2023 Accounting Question 24. It is one of the objective questions from the 2023 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.

Unlock Full Access Available for Android & Windows
Chat with Support