Gce Model Questions Vol1 2025 Financial Accounting Question 27
Practice objective / multiple choice question 27 from the 2025 Gce Model Questions Vol1 Financial Accounting examination.
The trial balance of XYZ Ltd shows the following figures (all amounts in \(\text{₦}\)): - Sales: 250,000 - Purchases: 120,000 - Opening stock: 30,000 - Closing stock: 45,000 - Salaries expense: 35,000 - Rent expense: 12,000 The following adjusting entries have NOT been recorded: 1. Depreciation on plant: \(\text{₦}8,000\) 2. Accrued interest income: \(\text{₦}2,500\) Bad debts of \(\text{₦}3,000\) have already been written off. Calculate the profit before tax for the year.
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This is Gce Model Questions Vol1 2025 Financial Accounting Question 27. It is one of the objective questions from the 2025 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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