Post Utme Wellspring University 2025 Accounting Question 14

Practice objective / multiple choice question 14 from the 2025 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2025 Accounting Objective / Multiple Choice
Question 14 POST_UTME_WELLSPRING_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's trial balance shows a debit balance in the 'Purchases' account of ₦80,000 and a credit balance in the 'Sales' account of ₦100,000. What is the net profit for the year?

Answer Options

A. ₦20,000
Correct Answer B. ₦30,000
C. ₦40,000
D. ₦50,000
Correct Answer
B
Correct Option:
₦30,000

About This Question

This is Post Utme Wellspring University 2025 Accounting Question 14. It is one of the objective questions from the 2025 Post Utme Wellspring University Accounting examination.

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