Post Utme Mountain Top University 2021 Accounting Question 28

Practice objective / multiple choice question 28 from the 2021 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2021 Accounting Objective / Multiple Choice
Question 28 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's control account for the year ended 31st December 2020 is as follows: Debit: ₦1,500,000 Credit: ₦1,200,000 Determine the company's net profit for the year.

Answer Options

A. ₦250,000
Correct Answer B. ₦300,000
C. ₦350,000
D. ₦400,000
Correct Answer
B
Correct Option:
₦300,000

About This Question

This is Post Utme Mountain Top University 2021 Accounting Question 28. It is one of the objective questions from the 2021 Post Utme Mountain Top University Accounting examination.

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