Post Utme Veritas University 2023 Accounting Question 31

Practice objective / multiple choice question 31 from the 2023 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2023 Accounting Objective / Multiple Choice
Question 31 POST_UTME_VERITAS_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2022, showed a profit of ₦0,000. The company's profit and loss account also showed a depreciation of ₦0,500. Calculate the company's net profit for the year.

Answer Options

Correct Answer A. ₦0,500
B. ₦0,000
C. ₦0,500
D. ₦0,000
Correct Answer
A
Correct Option:
₦0,500

About This Question

This is Post Utme Veritas University 2023 Accounting Question 31. It is one of the objective questions from the 2023 Post Utme Veritas University Accounting examination.

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