Post Utme Uniport 2019 Accounting Question 19

Practice objective / multiple choice question 19 from the 2019 Post Utme Uniport Accounting examination.

Post Utme Uniport 2019 Accounting Objective / Multiple Choice
Question 19 POST_UTME_UNIPORT • 2019 • ACCOUNTING • objective

A company's profit and loss account for the year ended 31st December 20X8 is as follows: Trading profit: ₦ 50,000 Non-trading income: ₦ 10,000 Total profit: ₦ 60,000 What is the net profit from non-trading activities?

Answer Options

A. ₦ 10,000
Correct Answer B. ₦ 15,000
C. ₦ 20,000
D. ₦ 25,000
Correct Answer
B
Correct Option:
₦ 15,000

About This Question

This is Post Utme Uniport 2019 Accounting Question 19. It is one of the objective questions from the 2019 Post Utme Uniport Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support