Post Utme Summit University 2019 Accounting Question 30

Practice objective / multiple choice question 30 from the 2019 Post Utme Summit University Accounting examination.

Post Utme Summit University 2019 Accounting Objective / Multiple Choice
Question 30 POST_UTME_SUMMIT_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's profit and loss account shows the following balances: Revenue: ₦300,000 Expenses: ₦250,000 What is the company's net profit?

Answer Options

A. ₦50,000
B. ₦60,000
C. ₦70,000
Correct Answer D. ₦80,000
Correct Answer
D
Correct Option:
₦80,000

About This Question

This is Post Utme Summit University 2019 Accounting Question 30. It is one of the objective questions from the 2019 Post Utme Summit University Accounting examination.

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