Post Utme Abu 2017 Accounting Question 19

Practice objective / multiple choice question 19 from the 2017 Post Utme Abu Accounting examination.

Post Utme Abu 2017 Accounting Objective / Multiple Choice
Question 19 POST_UTME_ABU • 2017 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2022 is as follows: Sales: ₦500,000 Returns Outwards: ₦20,000 Returns Inwards: ₦10,000 Cost of Goods Sold: ₦300,000 What is the gross profit?

Answer Options

A. ₦180,000
B. ₦190,000
Correct Answer C. ₦200,000
D. ₦210,000
Correct Answer
C
Correct Option:
₦200,000

About This Question

This is Post Utme Abu 2017 Accounting Question 19. It is one of the objective questions from the 2017 Post Utme Abu Accounting examination.

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