Post Utme Pan Atlantic University 2018 Accounting Question 23

Practice objective / multiple choice question 23 from the 2018 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2018 Accounting Objective / Multiple Choice
Question 23 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2018 • ACCOUNTING • objective

A company has the following incomplete records: Opening capital of ₦100,000, Purchases of ₦80,000, Sales of ₦120,000, and Closing capital of ₦150,000. What is the net profit of the company?

Answer Options

A. ₦20,000
B. ₦30,000
C. ₦40,000
Correct Answer D. ₦50,000
Correct Answer
D
Correct Option:
₦50,000

About This Question

This is Post Utme Pan Atlantic University 2018 Accounting Question 23. It is one of the objective questions from the 2018 Post Utme Pan Atlantic University Accounting examination.

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