Post Utme Unilorin 2022 Accounting Question 20

Practice objective / multiple choice question 20 from the 2022 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2022 Accounting Objective / Multiple Choice
Question 20 POST_UTME_UNILORIN • 2022 • ACCOUNTING • objective

A company's single entry system for the year ended 31st December 2022 shows a total debit of ₦1,500,000 and a total credit of ₦1,200,000. If the company's capital is ₦2,000,000, calculate the company's net profit.

Answer Options

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

About This Question

This is Post Utme Unilorin 2022 Accounting Question 20. It is one of the objective questions from the 2022 Post Utme Unilorin Accounting examination.

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