Post Utme Lasu 2024 Accounting Question 5

Practice objective / multiple choice question 5 from the 2024 Post Utme Lasu Accounting examination.

Post Utme Lasu 2024 Accounting Objective / Multiple Choice
Question 5 POST_UTME_LASU • 2024 • ACCOUNTING • objective

A company has the following incomplete records: Sales ₦100,000, Purchases ₦80,000, Wages ₦20,000. Prepare a statement of profit or loss.

Answer Options

Correct Answer A. Profit ₦20,000
B. Loss ₦10,000
C. Profit ₦10,000
D. Loss ₦20,000
Correct Answer
A
Correct Option:
Profit ₦20,000

About This Question

This is Post Utme Lasu 2024 Accounting Question 5. It is one of the objective questions from the 2024 Post Utme Lasu Accounting examination.

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