Post Utme Lautech 2017 Accounting Question 13
Practice objective / multiple choice question 13 from the 2017 Post Utme Lautech Accounting examination.
A company's trial balance shows the following balances: | Account | Debit | Credit | | --- | --- | --- | | Sales | ₦100,000 | | | Purchases | | ₦120,000 | | Capital | ₦50,000 | | | Drawings | | ₦20,000 | Calculate the profit or loss for the year.
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About This Question
This is Post Utme Lautech 2017 Accounting Question 13. It is one of the objective questions from the 2017 Post Utme Lautech Accounting examination.
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