Post Utme Rhema University 2025 Accounting Question 19

Practice objective / multiple choice question 19 from the 2025 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2025 Accounting Objective / Multiple Choice

Question 19 POST_UTME_RHEMA_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's single entry system showed a total debit balance of ₦120,000 and a total credit balance of ₦80,000. Calculate the net profit or loss for the period.

Answer Options

Correct Answer A. ₦40,000

B. ₦20,000

C. ₦60,000

D. ₦80,000

Correct Answer

Correct Option:

₦40,000

About This Question

This is Post Utme Rhema University 2025 Accounting Question 19. It is one of the objective questions from the 2025 Post Utme Rhema University Accounting examination.

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