Post Utme Madonna University 2021 Accounting Question 15

Practice objective / multiple choice question 15 from the 2021 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2021 Accounting Objective / Multiple Choice
Question 15 POST_UTME_MADONNA_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's departmental accounts for the year ended 31st December 2021 showed a total of ₦20,000,000 in sales and a total of ₦15,000,000 in expenses. Calculate the company's net profit for the year ended 31st December 2021.

Answer Options

A. ₦5,000,000
B. ₦10,000,000
Correct Answer C. ₦15,000,000
D. ₦20,000,000
Correct Answer
C
Correct Option:
₦15,000,000

About This Question

This is Post Utme Madonna University 2021 Accounting Question 15. It is one of the objective questions from the 2021 Post Utme Madonna University Accounting examination.

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