Post Utme Uniben 2020 Accounting Question 24

Practice objective / multiple choice question 24 from the 2020 Post Utme Uniben Accounting examination.

Post Utme Uniben 2020 Accounting Objective / Multiple Choice
Question 24 POST_UTME_UNIBEN • 2020 • ACCOUNTING • objective

A company's profit and loss account for the year ended 31st December 2020 is as follows: Gross Profit: ₦1,500,000; Operating Expenses: ₦800,000; Interest on Debentures: ₦200,000. Calculate the net profit for the year.

Answer Options

A. ₦500,000
B. ₦600,000
C. ₦700,000
Correct Answer D. ₦800,000
Correct Answer
D
Correct Option:
₦800,000

About This Question

This is Post Utme Uniben 2020 Accounting Question 24. It is one of the objective questions from the 2020 Post Utme Uniben Accounting examination.

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