Post Utme Uniben 2017 Accounting Question 5

Practice objective / multiple choice question 5 from the 2017 Post Utme Uniben Accounting examination.

Post Utme Uniben 2017 Accounting Objective / Multiple Choice
Question 5 POST_UTME_UNIBEN • 2017 • ACCOUNTING • objective

A company's financial statements for the year ended December 31, 2022, are as follows: Trading Account: Sales ₦100 million Cost of Goods Sold ₦80 million Gross Profit ₦20 million Profit Before Tax ₦15 million Tax ₦5 million Profit After Tax ₦10 million Balance Sheet: Assets ₦150 million Liabilities ₦100 million Equity ₦50 million

Answer Options

A. ₦150 million
B. ₦100 million
Correct Answer C. ₦50 million
D. ₦20 million
Correct Answer
C
Correct Option:
₦50 million

About This Question

This is Post Utme Uniben 2017 Accounting Question 5. It is one of the objective questions from the 2017 Post Utme Uniben Accounting examination.

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