Post Utme Wellspring University 2024 Accounting Question 20

Practice objective / multiple choice question 20 from the 2024 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2024 Accounting Objective / Multiple Choice
Question 20 POST_UTME_WELLSPRING_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's profit and loss account shows the following balances: | Revenue | Expense | | --- | --- | | ₦100,000 | ₦80,000 | What is the net profit?

Answer Options

Correct Answer A. ₦20,000
B. ₦10,000
C. ₦5,000
D. ₦0
Correct Answer
A
Correct Option:
₦20,000

About This Question

This is Post Utme Wellspring University 2024 Accounting Question 20. It is one of the objective questions from the 2024 Post Utme Wellspring University Accounting examination.

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