Post Utme Nile University 2023 Accounting Question 19

Practice objective / multiple choice question 19 from the 2023 Post Utme Nile University Accounting examination.

Post Utme Nile University 2023 Accounting Objective / Multiple Choice
Question 19 POST_UTME_NILE_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's profit and loss account for the year ended 31st December, 2022 is as follows: | Particulars | ₦ | | | | --- | --- | --- | --- | | Sales | 100,000 | | | | Purchases | 80,000 | | | | Gross Profit | 20,000 | | | | Rent | 5,000 | | | | Salaries | 10,000 | | | | | | | | Calculate the company's net profit.

Answer Options

A. ₦5,000
B. ₦10,000
C. ₦15,000
Correct Answer D. ₦20,000
Correct Answer
D
Correct Option:
₦20,000

About This Question

This is Post Utme Nile University 2023 Accounting Question 19. It is one of the objective questions from the 2023 Post Utme Nile University Accounting examination.

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