Post Utme Madonna University 2021 Accounting Question 12

Practice objective / multiple choice question 12 from the 2021 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2021 Accounting Objective / Multiple Choice
Question 12 POST_UTME_MADONNA_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2021 showed a profit of ₦1,500,000. The company's profit and loss account for the year ended 31st December 2021 showed a net profit of ₦2,500,000. Calculate the company's net profit for the year ended 31st December 2021.

Answer Options

A. ₦1,500,000
B. ₦2,000,000
Correct Answer C. ₦2,500,000
D. ₦3,000,000
Correct Answer
C
Correct Option:
₦2,500,000

About This Question

This is Post Utme Madonna University 2021 Accounting Question 12. It is one of the objective questions from the 2021 Post Utme Madonna University Accounting examination.

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