Post Utme Unn 2018 Accounting Question 20

Practice objective / multiple choice question 20 from the 2018 Post Utme Unn Accounting examination.

Post Utme Unn 2018 Accounting Objective / Multiple Choice
Question 20 POST_UTME_UNN • 2018 • ACCOUNTING • objective

A company's trading account shows a profit of ₦200,000. The company's profit and loss account shows a net profit of ₦250,000. What is the correct explanation for the difference between the two accounts?

Answer Options

A. The company has a non-trading income of ₦50,000.
Correct Answer B. The company has a non-trading expense of ₦50,000.
C. The company has a trading loss of ₦50,000.
D. The company has a non-trading loss of ₦50,000.
Correct Answer
B
Correct Option:
The company has a non-trading expense of ₦50,000.

About This Question

This is Post Utme Unn 2018 Accounting Question 20. It is one of the objective questions from the 2018 Post Utme Unn Accounting examination.

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