Post Utme Unilag 2019 Accounting Question 38

Practice objective / multiple choice question 38 from the 2019 Post Utme Unilag Accounting examination.

Post Utme Unilag 2019 Accounting Objective / Multiple Choice
Question 38 POST_UTME_UNILAG • 2019 • ACCOUNTING • objective

A company prepares its final accounts for the year. The trading account shows a profit of ₦200,000, the profit and loss account shows a profit of ₦150,000, and the balance sheet shows a net worth of ₦500,000. What is the total profit for the year?

Answer Options

Correct Answer A. ₦550,000
B. ₦450,000
C. ₦350,000
D. ₦250,000
Correct Answer
A
Correct Option:
₦550,000

About This Question

This is Post Utme Unilag 2019 Accounting Question 38. It is one of the objective questions from the 2019 Post Utme Unilag Accounting examination.

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