Post Utme Unn 2018 Accounting Question 2

Practice objective / multiple choice question 2 from the 2018 Post Utme Unn Accounting examination.

Post Utme Unn 2018 Accounting Objective / Multiple Choice
Question 2 POST_UTME_UNN • 2018 • ACCOUNTING • objective

A public sector organization has the following transactions for the year: Debit: Salaries ₦ 500,000, Rent ₦ 200,000, Depreciation ₦ 100,000 Credit: Sales ₦ 1,000,000, Purchases ₦ 800,000, Capital ₦ 50,000 What is the net profit of the organization?

Answer Options

Correct Answer A. ₦ 150,000
B. ₦ 200,000
C. ₦ 250,000
D. ₦ 300,000
Correct Answer
A
Correct Option:
₦ 150,000

About This Question

This is Post Utme Unn 2018 Accounting Question 2. It is one of the objective questions from the 2018 Post Utme Unn Accounting examination.

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