Post Utme Nile University 2018 Accounting Question 7

Practice objective / multiple choice question 7 from the 2018 Post Utme Nile University Accounting examination.

Post Utme Nile University 2018 Accounting Objective / Multiple Choice
Question 7 POST_UTME_NILE_UNIVERSITY • 2018 • ACCOUNTING • objective

A company has the following transactions for the year: Debit ₦10,000 - Cash ₦20,000 - Office Equipment ₦30,000 - Rent Credit ₦40,000 - Sales ₦50,000 - Office Supplies What is the net profit for the year?

Answer Options

Correct Answer A. ₦10,000
B. ₦20,000
C. ₦30,000
D. ₦40,000
Correct Answer
A
Correct Option:
₦10,000

About This Question

This is Post Utme Nile University 2018 Accounting Question 7. It is one of the objective questions from the 2018 Post Utme Nile University Accounting examination.

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