Post Utme Madonna University 2023 Commerce Question 18

Practice objective / multiple choice question 18 from the 2023 Post Utme Madonna University Commerce examination.

Post Utme Madonna University 2023 Commerce Objective / Multiple Choice
Question 18 POST_UTME_MADONNA_UNIVERSITY • 2023 • COMMERCE • objective

A sole trader, Mr. A, has a business income of ₦500,000 and expenses of ₦200,000. What is his taxable profit?

Answer Options

Correct Answer A. ₦300,000
B. ₦250,000
C. ₦200,000
D. ₦150,000
Correct Answer
A
Correct Option:
₦300,000

About This Question

This is Post Utme Madonna University 2023 Commerce Question 18. It is one of the objective questions from the 2023 Post Utme Madonna University Commerce examination.

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