Post Utme Noun 2023 Commerce Question 10

Practice objective / multiple choice question 10 from the 2023 Post Utme Noun Commerce examination.

Post Utme Noun 2023 Commerce Objective / Multiple Choice
Question 10 POST_UTME_NOUN • 2023 • COMMERCE • objective

A sole trader's business is affected by a natural disaster, resulting in a loss of ₦500,000. The sole trader has a liability of ₦200,000 and an asset of ₦300,000. What is the sole trader's net loss?

Answer Options

A. ₦300,000
Correct Answer B. ₦400,000
C. ₦500,000
D. ₦600,000
Correct Answer
B
Correct Option:
₦400,000

About This Question

This is Post Utme Noun 2023 Commerce Question 10. It is one of the objective questions from the 2023 Post Utme Noun Commerce examination.

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