Post Utme Redeemers University 2020 Commerce Question 10

Practice objective / multiple choice question 10 from the 2020 Post Utme Redeemers University Commerce examination.

Post Utme Redeemers University 2020 Commerce Objective / Multiple Choice
Question 10 POST_UTME_REDEEMERS_UNIVERSITY • 2020 • COMMERCE • objective

A sole trader has a business income of ₦500,000 and a business expense of ₦200,000. If the sole trader's personal income is ₦300,000, what is the sole trader's total income for the year?

Answer Options

A. ₦600,000
Correct Answer B. ₦700,000
C. ₦800,000
D. ₦900,000
Correct Answer
B
Correct Option:
₦700,000

About This Question

This is Post Utme Redeemers University 2020 Commerce Question 10. It is one of the objective questions from the 2020 Post Utme Redeemers University Commerce examination.

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