Post Utme Lead City University 2024 Accounting Question 8

Practice objective / multiple choice question 8 from the 2024 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2024 Accounting Objective / Multiple Choice
Question 8 POST_UTME_LEAD_CITY_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's trial balance shows the following balances: | Account | Debit | Credit | | --- | --- | --- | | Sales | | 100,000 | | Purchases | 80,000 | | | Wages | | 20,000 | | Rent | 10,000 | | | Profit | | | What is the amount of profit?

Answer Options

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

About This Question

This is Post Utme Lead City University 2024 Accounting Question 8. It is one of the objective questions from the 2024 Post Utme Lead City University Accounting examination.

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