Post Utme Uniosun 2023 Accounting Question 22

Practice objective / multiple choice question 22 from the 2023 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2023 Accounting Objective / Multiple Choice
Question 22 POST_UTME_UNIOSUN • 2023 • ACCOUNTING • objective

A company's single entry system shows the following transactions for the year ended 31st December 2022: Debit: ₦50,000 Credit: ₦60,000 Prepare the company's ledger accounts and calculate the net profit for the year.

Answer Options

A. ₦10,000
B. ₦20,000
Correct Answer C. ₦30,000
D. ₦40,000
Correct Answer
C
Correct Option:
₦30,000

About This Question

This is Post Utme Uniosun 2023 Accounting Question 22. It is one of the objective questions from the 2023 Post Utme Uniosun Accounting examination.

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