Post Utme Uniport 2023 Accounting Question 15

Practice objective / multiple choice question 15 from the 2023 Post Utme Uniport Accounting examination.

Post Utme Uniport 2023 Accounting Objective / Multiple Choice
Question 15 POST_UTME_UNIPORT • 2023 • ACCOUNTING • objective

A company's profit and loss account for the year ended 31st December 2022 is as follows: Trading Profit: ₦ 400,000, Non-Trading Income: ₦ 100,000, Total Profit: ₦ 500,000 What is the company's net profit?

Answer Options

A. ₦ 400,000
Correct Answer B. ₦ 500,000
C. ₦ 600,000
D. ₦ 700,000
Correct Answer
B
Correct Option:
₦ 500,000

About This Question

This is Post Utme Uniport 2023 Accounting Question 15. It is one of the objective questions from the 2023 Post Utme Uniport Accounting examination.

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