Post Utme Aaua 2024 Accounting Question 34

Practice objective / multiple choice question 34 from the 2024 Post Utme Aaua Accounting examination.

Post Utme Aaua 2024 Accounting Objective / Multiple Choice
Question 34 POST_UTME_AAUA • 2024 • ACCOUNTING • objective

A company has the following income statement for the year ended 31st December 2023.

Answer Options

Correct Answer A. Debit Cost of Goods Sold £ 100,000, Credit Sales £ 150,000
B. Debit Cost of Goods Sold £ 150,000, Credit Sales £ 100,000
C. Debit Cost of Goods Sold £ 100,000, Credit Sales £ 100,000
D. Debit Cost of Goods Sold £ 150,000, Credit Sales £ 150,000
Correct Answer
A
Correct Option:
Debit Cost of Goods Sold £ 100,000, Credit Sales £ 150,000

About This Question

This is Post Utme Aaua 2024 Accounting Question 34. It is one of the objective questions from the 2024 Post Utme Aaua Accounting examination.

View More Post Utme Aaua 2024 Accounting Questions More Post Utme Aaua Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support