Post Utme Abu 2018 Accounting Question 3

Practice objective / multiple choice question 3 from the 2018 Post Utme Abu Accounting examination.

Post Utme Abu 2018 Accounting Objective / Multiple Choice
Question 3 POST_UTME_ABU • 2018 • ACCOUNTING • objective

A company maintains its accounting records on a cash basis. The company's cash book shows the following transactions: | Date | Particulars | Debit | Credit | | --- | --- | --- | --- | | 1st Jan | Cash | 10,000 | | | 2nd Jan | Sales | | 15,000 | | 3rd Jan | Purchases | 8,000 | | | 4th Jan | Cash | | 12,000 | Calculate the total profit for the month of January.

Answer Options

A. ₦7,000
Correct Answer B. ₦12,000
C. ₦17,000
D. ₦22,000
Correct Answer
B
Correct Option:
₦12,000

About This Question

This is Post Utme Abu 2018 Accounting Question 3. It is one of the objective questions from the 2018 Post Utme Abu Accounting examination.

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