Post Utme Noun 2021 Accounting Question 7
Practice objective / multiple choice question 7 from the 2021 Post Utme Noun Accounting examination.
A company prepares its final accounts for the year ended 31st December 2021. The trading account shows a profit of ₦500,000. The profit and loss account shows a profit of ₦750,000. The balance sheet shows a total assets of ₦2,500,000 and total liabilities of ₦1,500,000. What is the company's net profit for the year?
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About This Question
This is Post Utme Noun 2021 Accounting Question 7. It is one of the objective questions from the 2021 Post Utme Noun Accounting examination.
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