Post Utme Nile University 2019 Commerce Question 5

Practice objective / multiple choice question 5 from the 2019 Post Utme Nile University Commerce examination.

Post Utme Nile University 2019 Commerce Objective / Multiple Choice
Question 5 POST_UTME_NILE_UNIVERSITY • 2019 • COMMERCE • objective

A company's sole trader has a business income of ₦500,000 and expenses of ₦380,000. Calculate the sole trader's profit before tax.

Answer Options

Correct Answer A. ₦120,000
B. ₦130,000
C. ₦140,000
D. ₦150,000
Correct Answer
A
Correct Option:
₦120,000

About This Question

This is Post Utme Nile University 2019 Commerce Question 5. It is one of the objective questions from the 2019 Post Utme Nile University Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support