Post Utme Unilorin 2024 Accounting Question 35

Practice objective / multiple choice question 35 from the 2024 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2024 Accounting Objective / Multiple Choice
Question 35 POST_UTME_UNILORIN • 2024 • ACCOUNTING • objective

A company has a departmental account for its manufacturing department. The department's expenses for the year were ₦150,000, and the department's assets at the end of the year were ₦200,000. If the company's total assets at the end of the year were ₦500,000, what is the department's net income for the year?

Answer Options

A. ₦50,000
B. ₦60,000
Correct Answer C. ₦70,000
D. ₦80,000
Correct Answer
C
Correct Option:
₦70,000

About This Question

This is Post Utme Unilorin 2024 Accounting Question 35. It is one of the objective questions from the 2024 Post Utme Unilorin Accounting examination.

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