Post Utme Noun 2024 Accounting Question 7

Practice objective / multiple choice question 7 from the 2024 Post Utme Noun Accounting examination.

Post Utme Noun 2024 Accounting Objective / Multiple Choice
Question 7 POST_UTME_NOUN • 2024 • ACCOUNTING • objective

A company has the following trial balance: Assets 100,000; Liabilities 50,000; Equity 50,000. What is the net profit?

Answer Options

A. 0
B. 5,000
Correct Answer C. 10,000
D. 15,000
Correct Answer
C
Correct Option:
10,000

About This Question

This is Post Utme Noun 2024 Accounting Question 7. It is one of the objective questions from the 2024 Post Utme Noun Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support