Post Utme Pan Atlantic University 2020 Accounting Question 15

Practice objective / multiple choice question 15 from the 2020 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2020 Accounting Objective / Multiple Choice
Question 15 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2020 • ACCOUNTING • objective

A company has the following transactions in its ledger: | Date | Description | Debit | Credit | | --- | --- | --- | --- | | 1/1 | Sales | ₦100,000 | | | 1/2 | Purchases | | ₦80,000 | | 1/3 | Wages | | ₦90,000 | | 1/4 | Rent | ₦10,000 | | What is the net profit?

Answer Options

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

About This Question

This is Post Utme Pan Atlantic University 2020 Accounting Question 15. It is one of the objective questions from the 2020 Post Utme Pan Atlantic University Accounting examination.

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