Post Utme Uniosun 2018 Accounting Question 8
Practice objective / multiple choice question 8 from the 2018 Post Utme Uniosun Accounting examination.
A company uses the single-entry system of accounting. The journal entries for the year are as follows: Debit Sales ₦100,000, Credit Purchases ₦80,000, Debit Rent ₦20,000, Credit Salaries ₦30,000. What is the net profit for the year?
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About This Question
This is Post Utme Uniosun 2018 Accounting Question 8. It is one of the objective questions from the 2018 Post Utme Uniosun Accounting examination.
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