Post Utme Summit University 2023 Accounting Question 9

Practice objective / multiple choice question 9 from the 2023 Post Utme Summit University Accounting examination.

Post Utme Summit University 2023 Accounting Objective / Multiple Choice
Question 9 POST_UTME_SUMMIT_UNIVERSITY • 2023 • ACCOUNTING • objective

A company has the following incomplete records: Opening Balance: ₦100,000; Purchases: ₦500,000; Sales: ₦700,000; Drawings: ₦50,000. Calculate the net profit for the year.

Answer Options

A. ₦150,000
B. ₦200,000
Correct Answer C. ₦250,000
D. ₦300,000
Correct Answer
C
Correct Option:
₦250,000

About This Question

This is Post Utme Summit University 2023 Accounting Question 9. It is one of the objective questions from the 2023 Post Utme Summit University Accounting examination.

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