Post Utme Wellspring University 2021 Accounting Question 39

Practice objective / multiple choice question 39 from the 2021 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2021 Accounting Objective / Multiple Choice
Question 39 POST_UTME_WELLSPRING_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2020 shows a profit of ₦ 150,000. The company also has a non-trading income of ₦ 20,000 and a non-trading expense of ₦ 10,000. What is the total profit for the year?

Answer Options

Correct Answer A. ₦ 160,000
B. ₦ 170,000
C. ₦ 180,000
D. ₦ 190,000
Correct Answer
A
Correct Option:
₦ 160,000

About This Question

This is Post Utme Wellspring University 2021 Accounting Question 39. It is one of the objective questions from the 2021 Post Utme Wellspring University Accounting examination.

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