Post Utme Nile University 2020 Accounting Question 17

Practice objective / multiple choice question 17 from the 2020 Post Utme Nile University Accounting examination.

Post Utme Nile University 2020 Accounting Objective / Multiple Choice
Question 17 POST_UTME_NILE_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2020 shows a profit of ₦500,000. The company's profit and loss account shows a net profit of ₦750,000. Calculate the company's net profit for the year.

Answer Options

Correct Answer A. ₦1,250,000
B. ₦1,250,500
C. ₦1,250,750
D. ₦1,251,000
Correct Answer
A
Correct Option:
₦1,250,000

About This Question

This is Post Utme Nile University 2020 Accounting Question 17. It is one of the objective questions from the 2020 Post Utme Nile University Accounting examination.

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