Post Utme Rsu 2017 Accounting Question 9

Practice objective / multiple choice question 9 from the 2017 Post Utme Rsu Accounting examination.

Post Utme Rsu 2017 Accounting Objective / Multiple Choice
Question 9 POST_UTME_RSU • 2017 • ACCOUNTING • objective

A company's trading account showed a profit of ₦50,000. The company's balance sheet showed a decrease in the value of machinery by ₦10,000. Prepare the company's profit and loss account.

Answer Options

A. Profit ₦40,000, Loss ₦10,000
Correct Answer B. Profit ₦50,000, Loss ₦10,000
C. Profit ₦60,000, Loss ₦10,000
D. Profit ₦40,000, Loss ₦20,000
Correct Answer
B
Correct Option:
Profit ₦50,000, Loss ₦10,000

About This Question

This is Post Utme Rsu 2017 Accounting Question 9. It is one of the objective questions from the 2017 Post Utme Rsu Accounting examination.

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