Post Utme Lautech 2024 Accounting Question 22

Practice objective / multiple choice question 22 from the 2024 Post Utme Lautech Accounting examination.

Post Utme Lautech 2024 Accounting Objective / Multiple Choice
Question 22 POST_UTME_LAUTECH • 2024 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2023 is as follows: Debit: Sundry expenses:₦ 2,500 Wages:₦ 15,000 Rent:₦ 8,000 Credit: Sales:₦ 50,000 Purchases:₦ 30,000 Calculate the net profit for the year.

Answer Options

Correct Answer A. ₦ 7,500
B. ₦ 10,000
C. ₦ 12,500
D. ₦ 15,000
Correct Answer
A
Correct Option:
₦ 7,500

About This Question

This is Post Utme Lautech 2024 Accounting Question 22. It is one of the objective questions from the 2024 Post Utme Lautech Accounting examination.

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