Post Utme Summit University 2018 Accounting Question 36
Practice objective / multiple choice question 36 from the 2018 Post Utme Summit University Accounting examination.
A company uses the single-entry system of accounting. The company's purchases for the year amounted to ₦1,500,000. The company's sales for the year were ₦2,500,000. The company's cash balance at the beginning of the year was ₦500,000. The company's cash balance at the end of the year was ₦750,000. Calculate the company's net profit for the year.
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About This Question
This is Post Utme Summit University 2018 Accounting Question 36. It is one of the objective questions from the 2018 Post Utme Summit University Accounting examination.
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