Post Utme Unilorin 2020 Accounting Question 37

Practice objective / multiple choice question 37 from the 2020 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2020 Accounting Objective / Multiple Choice
Question 37 POST_UTME_UNILORIN • 2020 • ACCOUNTING • objective

A company's trading account shows a profit of ₦500,000. However, the profit and loss account shows a loss of ₦200,000. What is the amount of the discrepancy?

Answer Options

Correct Answer A. ₦700,000
B. ₦600,000
C. ₦500,000
D. ₦400,000
Correct Answer
A
Correct Option:
₦700,000

About This Question

This is Post Utme Unilorin 2020 Accounting Question 37. It is one of the objective questions from the 2020 Post Utme Unilorin Accounting examination.

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