Post Utme Rhema University 2020 Accounting Question 3

Practice objective / multiple choice question 3 from the 2020 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2020 Accounting Objective / Multiple Choice
Question 3 POST_UTME_RHEMA_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's trading account for the year showed a profit of ₦0,000. The company's profit and loss account showed a net profit of ₦0,500. Calculate the company's net profit.

Answer Options

A. ₦0,000
Correct Answer B. ₦0,500
C. ₦1,000
D. ₦1,500
Correct Answer
B
Correct Option:
₦0,500

About This Question

This is Post Utme Rhema University 2020 Accounting Question 3. It is one of the objective questions from the 2020 Post Utme Rhema University Accounting examination.

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