Post Utme Uniben 2025 Accounting Question 22

Practice objective / multiple choice question 22 from the 2025 Post Utme Uniben Accounting examination.

Post Utme Uniben 2025 Accounting Objective / Multiple Choice
Question 22 POST_UTME_UNIBEN • 2025 • ACCOUNTING • objective

A company's control account for the year ended 31st December 2024 is as follows: Debit: Purchases £ 1,200,000 Wages £ 150,000 Rent £ 50,000 Credit: Returns Outwards £ 20,000 Returns Inwards £ 10,000 Drawings £ 30,000 What is the company's net profit for the year?

Answer Options

A. £ 300,000
B. £ 400,000
Correct Answer C. £ 500,000
D. £ 600,000
Correct Answer
C
Correct Option:
£ 500,000

About This Question

This is Post Utme Uniben 2025 Accounting Question 22. It is one of the objective questions from the 2025 Post Utme Uniben Accounting examination.

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