Post Utme Unilorin 2019 Accounting Question 35

Practice objective / multiple choice question 35 from the 2019 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2019 Accounting Objective / Multiple Choice
Question 35 POST_UTME_UNILORIN • 2019 • ACCOUNTING • objective

A company has the following transactions: Purchased goods for ₦1,500,000, sold goods for ₦2,000,000, and paid salaries of ₦400,000. If the company has a capital of ₦1,000,000, what is the net profit of the company?

Answer Options

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

About This Question

This is Post Utme Unilorin 2019 Accounting Question 35. It is one of the objective questions from the 2019 Post Utme Unilorin Accounting examination.

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