Post Utme Skyline University 2018 Accounting Question 38

Practice objective / multiple choice question 38 from the 2018 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2018 Accounting Objective / Multiple Choice
Question 38 POST_UTME_SKYLINE_UNIVERSITY • 2018 • ACCOUNTING • objective

A company purchases a machine for ₦120,000 and sells it after one year for ₦150,000. Calculate the profit made from the sale of the machine.

Answer Options

A. ₦30,000
B. ₦40,000
C. ₦50,000
Correct Answer D. ₦60,000
Correct Answer
D
Correct Option:
₦60,000

About This Question

This is Post Utme Skyline University 2018 Accounting Question 38. It is one of the objective questions from the 2018 Post Utme Skyline University Accounting examination.

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