Post Utme Noun 2018 Accounting Question 39

Practice objective / multiple choice question 39 from the 2018 Post Utme Noun Accounting examination.

Post Utme Noun 2018 Accounting Objective / Multiple Choice
Question 39 POST_UTME_NOUN • 2018 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2022 shows a profit of ₦1,500,000. The balance sheet as at 31st December 2022 shows a decrease in inventory of ₦300,000 and an increase in accounts payable of ₦400,000. Calculate the net profit for the year.

Answer Options

Correct Answer A. ₦1,200,000
B. ₦1,500,000
C. ₦1,800,000
D. ₦2,000,000
Correct Answer
A
Correct Option:
₦1,200,000

About This Question

This is Post Utme Noun 2018 Accounting Question 39. It is one of the objective questions from the 2018 Post Utme Noun Accounting examination.

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